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2015

Annual
Financial
Report

Water Districts
Volume II
Table of Contents
Page
Part I - Introduction

Audit mandate over water districts. 1


Structure, contents and limitations. 2
Methodology of summarization......... 2
General Information 3
Guide to users.. 4

Part II - Financial Highlights

Financial condition... 5
Financial performance.. 10
Changes in equity..... 12
Cash flows........ 13

Part III - Summary Financial Statements

Over-all summary financial statements


Balance Sheet... 16
Income Statement. 17
Statement of Changes in Equity... 18
Cash Flow Statement.... 19
Notes to Financial Statements.. 20

Summary financial statements by Regions


Over-all.... 25
Cordillera Administrative Region... 42
Region 1.. 63
Region 2.. 108
Region 3.. 145
Region 4A... 230
Region 4B... 291
Region 5.. 316
Region 6.. 365
Region 7.. 422
Region 8.. 443
Region 9.. 492
Region 10 519
Region 11 556
Region 12 585
Region 13 618
Region 16 655
ARMM 684

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Part IV Annexes
A List of Water Districts with Audited or Unaudited Financial Statements 705
B Roster of Members of Governing Boards (with office addresses) of 717
Water Districts
C List of Water Districts with information on submission of Financial 758
Statements
D Water Districts with Unreconciled Cash and Cash Equivalent Accounts 770
per Balance Sheet vs. Statement of Cash Flows and Unreconciled 2015
Opening vs. 2014 Year-end Cash and Cash Equivalent Balances per
Cash Flow Statement
E Water Districts with Unreconciled Equity Accounts per Balance Sheet 772
vs. Statement of Changes in Equity and Unreconciled 2015 Opening
vs. 2014 Ending Balance of items in the Equity Accounts
F Tabulation of Audit Opinions Rendered 775
G Ranking of Water Districts by Total Assets 783
H Ranking of Water Districts by Total Liabilities 785
I Ranking of Water Districts by Total Equity 787
J Ranking of Water Districts by Gross Income 789
K Ranking of Water Districts by Total Expenditures 791
L Ranking of Water Districts by Net Income 793
M Breakdown of Domestic Loans 795
N Status of Implementation of Prior Years Audit Recommendations 813

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Part I

Introduction

Audit mandate over water districts

Water Districts (WDs) are public utilities classified as quasi-public corporations


created by virtue of legislative enactments of Local Government Units (LGUs) that have
territorial jurisdiction over the water concessionaries, pursuant to the provisions of
Presidential Decree (PD) No. 198, otherwise known as the Local Water District Law as
amended. The said law provides for the formation/creation of local WDs in line with the state
policy favoring local operation and control of water systems and providing for the
governance and administration of such districts, chartering a national administration to
facilitate improvement of local water utilities and granting said WDs such powers as are
necessary to optimize public service pertinent to water utility operations, and for other
purposes.

It is well settled in the case of Davao City Water District, et al, vs. Civil Service
Commission (CSC) and Commission on Audit (COA), G.R. Nos. 95237-38 dated September
13, 1991 that WDs are government owned or controlled corporations with original charter,
having been created under a special law, thus within the jurisdiction of CSC and COA. This
was also reiterated in the case of Leyte Water District, et al vs. COA (GR No. 147402 dated
January 14, 2004) where the second sentence of Section 20 of PD No. 198 which states that
Auditing shall be performed by a certified public accountant not in the government service
is declared void for being inconsistent with Section 2(1) and 3, Article IX-D of the 1987
Constitution, as follows:

SECTION 2. (1) The Commission on Audit shall have the power,


authority, and duty to examine, auditincluding government-owned or
controlled corporations with original charters, and on a post-audit
basisxxx

SECTION 3. No law shall be passed exempting any entity of the


Government or its subsidiary in any guise whatever, or any investment of
public funds, from the jurisdiction of the Commission on Audit.

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Structure, content and limitations

This volume of the Annual Financial Report (AFR) for the calendar year (CY) 2015
covers the summarization/combination of the 488 financial statements or 96.25 percent of the
507 operating WDs nationwide. Of those included herein, 282 or 57.79 percent are audited
while 206 WDs or 42.21 percent are unaudited.

This report includes significant data related to the operations of WDs, the composition
of the governing boards and their respective office addresses, listing of WDs which failed to
submit the required financial statements as of September 1, 2015 and audit opinion rendered
on the particular WD, among others. These data are presented as Annexes A to N.

Consistent with the previous submission of financial statements by WDs, this years
AFR presents the comparative financial data for CYs 2015 and 2014. The newly created
WDs in CY 2015 are included in this report with their financial statements only for the year
ended December 31, 2015.

Methodology of summarization

As a government corporation, WDs financial statements are presented in this Volume


of the AFR. In view of the implementation of the Integrated/Unified Audit Approach, the
audit supervision over WDs were transferred to the respective COA Regional Offices and
included in the audit work plan prepared by the COA Regional Director. COA employs the
Audit Team Approach in the conduct of examination of the financial transactions and
operations of WDs, whereby the designated Audit Team visits the auditee-WD on a given
period to undertake the audit. Upon completion of the field work, the Audit Team returns to
its designated official station for the preparation of the Audit Observation Memorandum, if
any, and of the Annual Audit Report.

The summarized financial data includes all of the components of the financial
statements, with the exception of the notes to financial statements, such as: the balance sheet,
income statement, statement of changes in equity, and cash flow statement.

Most of the WDs presented their financial statements in accordance with the
accounting principles under the New Government Accounting System (NGAS) prescribed by
the COA. The Local Water Utilities Administration (LWUA) which has the operational and
technical supervision over WDs requires for the adoption of the operating standards and the
corresponding reportorial requirements based on established business policies and practices
in the water utilities sector as enunciated under the Commercial Practice System (CPS). The

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accounting policies prescribed in both systems (NGAS and CPS) are in line with the
generally accepted accounting principles in the Philippines.

The individual financial statements of WDs are first summarized by provincial/city


level and further combined to come up with the regional level summary. The two level
summaries (provincial and regional) are prepared at the respective COA Regional Offices
while the national level summary, comprised of the consolidation of the seventeen regional
level summaries, is processed at the Government Accountancy Sector (GAS), this
Commission. The over-all summarized financial information of WDs is also presented in
Volume I of the AFR as one entity under Cluster 3 Public Utilities, Corporate Government
Sector (CGS). The national, regional and provincial level summaries including the individual
financial statements of the WDs are presented separately in this Volume II of the AFR.

General Information

Presidential Decree No. 198, otherwise known as the Provincial Water Utilities Act of
1973, as amended by the Presidential Decree Nos. 768 and 1479 and Republic Act 9286
provides that it is the declared national policy of government to favor the local operation and
control of water systems through the WDs. As such, WDs are established to facilitate the
maintenance and improvement of the water utilities sector. Title III of said Presidential
Decree prescribes the governance and administration of the water utilities with the creation of
the Local Water Utilities Administration (LWUA). The agency is tasked to provide financial,
technical and institutional development and regulatory services to established WDs
nationwide.

The policy-making body of WD is the Board of Directors, composed of five


members. Section 8 of the PD No. 198, as amended, provides that the LWUA may appoint
any of its personnel to sit in the Board as its sixth member, with all the rights and privileges
appertaining to a regular member of the Board, when such water utility avails of financial
assistance from the LWUA and until the indebtedness is fully paid.

The operation of a WD is headed by a general manager appointed by the Board. The


general manager, subject to the approval of the Board, has full supervision and control over
the maintenance, operation and construction of water supply and wastewater disposal and
administrative facilities of the district with full power and authority to exercise management
prerogatives.

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WDs are created for the following purposes:

Acquiring, installing, improving, maintaining and operating water supply and


distribution systems for domestic, industrial, municipal and agricultural uses
within the boundaries of such districts,
Providing, maintaining and operating water collection, treatment and disposal
facilities; and
Assuming such other functions and operations incidental to water resource
development, utilization and disposal within such districts as are necessary or
incidental to said purpose.

In CY 2015, there were 507 operating WDs nationwide. The regional distribution of
the operating WDs is shown in Annex A. The names of the chairperson and members of the
governing board for each WD including the respective office addresses of the districts are
shown in Annex B. The 23 non-operational WDs, those which have ceased operations and
those which have been dissolved are disclosed in Annex C.

Guide to users

Included in this Volume of the AFR are the following parts: (I) Introduction;
(II) Financial highlights; (III) Financial statements; and (IV) Annexes. The first set of
summarized financial data as exhibited in Part III hereof presents the overall combined
financial position, results of operation and the changes in equity as well as the cash flows for
all WDs which submitted the financial statements components. This is supported by another
set of summary financial statements showing financial information by region, then by
province and finally by the financial data of the individual WD. The individual financial
information of WDs were lifted from the submitted financial statements.

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Part II

Financial Highlights

1.0 Financial condition

As of December 31, 2015, the WDs have a combined total assets of P66.09 billion
and total liabilities of P26.45 billion resulting in favorable equity of P39.65 billion. Chart II-
1 shows a stable and strong financial condition of the WDs as their combined assets is more
than sufficient to pay their current liabilities when they come due. The debt ratio or the ratio
of the total liabilities to the combined total assets of WDs of 40.01 percent in CY 2015
indicates stability.

Chart II-1 Financial Position for 2015

Equity
= P39.65 B
Assets
= P66.09 B
Liabilities
= P26.45 B

1.1 Assets P66.09 billion

Compared to last years level of P60.82 billion, the total assets this year
amounted to P66.09 billion, increased by P5.27 billion or 8.67 percent.

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The bulk or 57.76 percent of current assets pertain to cash and cash equivalents
which amounted to P9.07 billion, showing an increase of P1.56 billion or 20.74 percent
from previous years balance of P7.51 billion. On the other hand, property, plant and
equipment amounting to P45.60 billion comprised the 90.49 percent of the non-current
assets of the WDs. The comparative composition of current and non-current assets are
presented in Charts II-2 and II-3, respectively.

Chart II-2 Composition of Current Assets

P9.07 B P0.12 B P3.78 B P1.98 B P0.43 B P0.32 B


2015
P0.11 B P3.85 B P1.84 B 2014
P7.51 B P0.30 B P0.26 B

Cash and Short-term Receivables Inventories Prepayments Others


cash investments and deferred
equivalents charges

Chart II-3 Composition of Non-current Assets

100%
80% P0.04 B P1.05 B P45.60 B P0.04 B P3.67 B
60%
2015
40%
20% P0.04 B P0.82 B P43.17 B P0.04 B P2.89 B 2014
0%
Long-term Long-term Property, Intangible Others
receivables investments plant and assets
equipment

The top 50 WDs with the biggest amount of total assets are shown in Annex G.
The first five (5) WDs are: Davao P5.00 billion; Metro Cebu P3.68 billion;
Cagayan de Oro City P2.03 billion; Metro Leyte P1.96 billion; and San Jose del
Monte - P1.66 billion. Eight (8) other WDs have total assets of P1 billion to P1.57
billion. The remaining 37 WDs have total assets ranging from P250 million to P970
million.

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1.2 Liabilities P26.45 billion

The recorded liabilities increased slightly this year by P156.20 million or 0.59
percent from the previous years level of P26.29 billion. The bulk of increase was
noted in contracts payable amounting to P11.50 million or 57.72 percent. Table II-1
shows the comparative composition of liabilities.

Table II-1 Comparative composition of liabilities


(in million pesos)
Amount Increase/(Decrease)
Particulars
2015 2014 Amount Percent
Current liabilities 5,436.99 4,745.09 691.90 14.58
Trade and non-trade payables 4,769.90 4,107.60 662.30 16.12
Others 667.08 637.49 29.60 4.64

Non-current liabilities 21,008.88 21,544.57 (535.69) (2.49)


Notes payable 5.22 4.58 0.63 13.79
Mortgage payable 3.45 4.48 (1.02) (22.84)
Bonds payable 0.12 41.05 (40.92) (99.70)
Loans and advances payable 18,405.70 19,139.45 (733.75) (3.83)
Contracts payable 31.43 19.93 11.50 57.72
Deferred credits 811.47 796.09 15.38 1.93
Others 1,751.48 1,538.99 212.49 13.81

Total liabilities 26,445.87 26,289.66 156.20 0.59

Of the total liabilities, 20.56 percent or P5.44 billion are current liabilities while
79.44 percent or P21.01 billion pertains to non-current liabilities. The bulk of current
liabilities amounting to P4.77 billion or 87.73 percent came from trade and non-trade
payables. The significant portion of non-current liabilities pertains to loans and
advances payable amounting to P18.41 billion or 87.61 percent which are mostly loans
and advances from the Local Water Utilities Administration (LWUA). The
borrowings from LWUA were incurred pursuant to the guidelines issued by the
Department of Finance to implement Executive Order No. 279 relative to the financing
of WDs operations. The graphical comparative composition of current and non-
current liabilities incurred by WDs is shown in Chart II-4.

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Chart II-4 Comparison of Current and Non-Current Liabilities

Current liabilities
= P5.44 B
or 20.56%

Non-current
liabilities
= P21.01 B
or 79.44%

The top 50 WDs ranked by total liabilities are presented in Annex H. The first
five (5) WDs that incurred the biggest amount of liabilities are: Metro Cebu P1.15
billion; Metro Roxas - P1.02 billion; Butuan City - P930.13 million; Metro Leyte
P908.13 million; and Cagayan de Oro City - P841.93 million. The remaining 45 WDs
incurred total liabilities of P107 million to P740 million.

The combined financial position of the water districts reflects a favorable quick
ratio or the acid test ratio (dividing the sum of cash and cash equivalents, short term
investments, and receivables by the total current liabilities), which indicates that the
water districts have enough short term current assets to cover its current liabilities
without selling its inventories. A quick ratio of greater than one indicates a reasonable
level of liquidity. Chart II-5 shows the graphical comparative presentation of quick
ratios in CYs 2015 and 2014, showing a 0.03 decrease in liquidity ratio from 2.42 in
CY 2014 to 2.39 in CY 2015.

Chart II-5 Comparative Quick Ratios


2015 2014

2.39 %
Quick ratio 2.42 %

P5.44 B
Current liabilities P4.75 B

Cash and cash equivalents, Short-term P12.97 B


investments, Receivables, net P11.47 B

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The collective debt ratio of WDs for CY 2015 at 40.01 percent shows the
portion of the WDs assets that were acquired through credit. Comparison of the ratios
between CYs 2015 and CY 2014 shows improvement of 3.21 percentage points, as the
debt ratio of 40.01 percent in 2015 is lower compared to the 43.22 percent in 2014.
The debt ratio measures the extent to which borrowed funds have been used to finance
the WDs operations. Chart II-6 provides the graphical presentation of the comparative
debt ratio for CYs 2015 and 2014 showing improved financial stability of water
districts.

Chart II-6 Comparative Debt Ratios

P66.09 B
70.00 P60.82 B
60.00
50.00
2015
40.00 P26.45 B P26.29 B 2014
30.00
20.00
10.00
-
Total assets Total liabilities

2015 2014 Decrease


Debt ratio 40.01% 43.22% (3.21%)

1.3 Equity P39.65 billion

The over-all combined equity of WDs amounting to P39.65 billion increased


by P5.12 billion or 14.82 percent from the 2014 level of P34.53 billion. The top
five (5) WDs that contributed the highest amount in the over-all combined equity of
the WDs are: Davao P4.36 billion; Metro Cebu P 2.53 billion; Dasmarias P1.30
billion; Cagayan De Oro City P1.18 billion; and Metro Leyte P1.05 billion. The
top 50 water districts ranked by total equity are shown under Annex I.

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2.0 Financial performance

For the year ended December 31, 2015, the WDs realized a net income after tax of
P5.67 billion exceeding last years figure of P4.31 billion by P1.36 billion or 31.58 percent.
Combined gross revenue for CY 2015 reached P27.04 billion while combined expenses
reached P21.36 billion. The WDs incurred income tax expense of P5.43 million for the year.

2.1 Income/Revenue P27.04 billion

This years total income amounted to P27.04 billion which is 7.56 percent
higher than the CY 2014 total income of P25.14 billion. Business and service income
accounted for the highest contribution to WDs revenue at P26.58 billion equivalent to
98.29 percent of the combined gross income. The comparative composition of income
for CYs 2015 and 2014 is shown in Table II-2.

Table II-2 Comparative composition of income/revenue


(in million pesos)
Amount Increase/(Decrease)
Particulars
2015 2014 Amount Percent
Business and service income 26,577.16 24,774.22 1,802.94 7.28
Gains and premiums 6.79 4.94 1.84 37.25
Others 454.37 358.43 95.94 26.77

Total income/revenue 27,038.31 25,137.59 1,900.72 7.56

For CY 2015, WDs did not receive any subsidy from other government
agencies. In CY 2014, the subsidy received by WDs from other government agencies
amounted to P1.31 million.

The Davao Water District ranked first with the biggest gross income generated
for the year amounting to P2.02 billion. Also included in the top five (5) WDs that
earned the biggest income are: Metro Cebu - P1.66 billion; Cagayan de Oro City
P960.63 million; Dasmarias P745.49 million and San Jose del Monte P680.72
million. The top 50 grossers that generated 63.45 percent or P17.16 billion of the total
income of the WDs are presented in Annex J.

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2.2 Expenses P21.36 billion

Total expenses of WDs for CY 2015 totalled P21.36 billion exceeding last
years level of P20.83 billion by P534.57 million or 2.57 percent. Total expenses
before taxes consist of personnel services (PS); maintenance and other operating
expenses (MOOE); financial expenses (FE); and other expenses (OE) as shown in
Chart II-7.

Income taxes for the year posted at P5.43 million or 174.96 percent higher than
the CY 2014 total of P1.98 million.

Chart II-7 Composition of Expenses


OE
FE = P0.04 B
= P1.30 B or 0.20%
or 6.10%

PS
= P7.44 B
or 34.85%

MOOE
= P12.57 B
or 58.84%

The top five (5) WDs that incurred the biggest amount of expenses before
income tax are the following: Metro Cebu P1.37 billion; Davao P1.17 billion;
Cagayan De Oro City P672.00 million; Dasmarias P576.43 million; and San Jose
Del Monte P493.22 million.

The top 50 water districts that incurred substantial expenditures before tax with
aggregate amount of P13.19 billion or 61.76 percent of the total expenses before
income tax are shown in Annex K.

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2.3 Net Income After Tax P5.67 billion

The top five (5) WDs with the biggest amount of income after tax are: Davao
P854.47 million; Metro Cebu P294.23 million; Cagayan De Oro City P288.64
million; San Jose Del Monte P187.50 million; and Zamboanga P181.21 million.
Annex L presents the top 50 water districts in terms of net income generated during the
year.

2.4 Return on Assets Ratio

The financial condition and performance of WDs for CY 2015 and 2014
showed a lower return on asset (ROA) ratio from 8.59 percent in 2014 to 7.09 percent
in 2015. The decrease indicates a decline in the efficient utilization of the assets to
generate profits. Chart II-8 shows the graphical comparative return on assets ratio.

Chart II-8 Comparative Return on Assets

P5.68 B
Income before subsidy and taxes
P4.31 B

P66.09 B 2015
Total assets
P60.82 B
2014

8.59 %
Return on assets
7.09 %

- 40.00 80.00

Changes in equity

Total equity of WDs for the year is posted at P39.66 billion, higher by P5.12 billion or
14.82 percent compared to CY 2014 level of P34.54 billion.

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The composition of equity is shown under Chart II-9.

Chart II-9 Composition of Equity

Equity

- 5.00 10.00 15.00 20.00 25.00 30.00

Cash flows

The ending balance of cash and cash equivalents as of December 31, 2015 amounted
to P8.86 billion increased by P1.43 billion or 19.32 percent compared to the previous years
total of P7.43 billion.

Chart II-10 shows the comparative cash flows for operating, financing, and investing
activities of the water districts for CYs 2015 and 2014.

Chart II-10 Comparative Cash Flow Activities


10.00
8.00
6.00
4.00 P7.58 B
P5.85 B
2.00
-
(2.00) P(2.71) B P(4.02) B
(4.00) P(1.55) B
P(2.13) B
(6.00)
(8.00)
2014 2015
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Net cash provided from operating activities for CY 2015 reached P7.58 billion which
is P1.72 billion or 29.44 percent higher compared with the previous year level of P5.85
billion. The net cash provided resulted from the cash generation of P28.14 billion over the
P20.56 billion disbursements relative to WDs operating activities.

In CY 2015, total disbursements for investing activities at P4.88 billion exceeded the
cash generated of P864.17 million, thus, resulted to a negative net cash outflow of P4.02
billion. Compared to CY 2014, the net cash provided by investing activities decreased by
(P1.30 billion) or 48.07 percent.

The combined cash disbursements for financing activities at P2.98 billion that
surpassed the cash generation of P846.72 million resulted in the decrease of the net cash
provided by financing activities of (P2.13 billion). Said amount is higher by 37.20 percent or
P577.34 million as compared to the net cash provided by financing activities of
(P1.55 billion) in CY 2014.

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Part III

Summary Financial Statements

The financial statements in the succeeding pages pertain to the summarized financial
data from the combined balance sheet, income statements, statements of changes in equity,
cash flow statements, and notes to financial statements of 488 WDs. The combined financial
statements of WDs were further summarized by region, by province, and by specific water
districts. The details of which are included in this Volume of the AFR.

The overall balance sheet presents the total financial position of the WDs as at
December 31, 2015 while the income statement shows their entire financial performance for
the year ended December 31, 2015. The statement of changes in equity provides information
on all the changes in equity. The cash flow statement imparts information on the cash flows
from operating, investing and financing activities.

The ending balances as at CY 2015 of cash and cash equivalents and equity accounts
in the balance sheet vis--vis the corresponding year-end balances shown in the cash flow
statement and statement of changes in equity have discrepancies of P210.94 million and
P10.00 million, respectively. The details of said discrepancies are presented in Annex D for
cash and cash equivalents account and Annex E for equity account.

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Republic of the Philippines
Water Districts
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
2015 2014
Assets
Current assets 15,701,999 13,868,264
Cash and cash equivalents 9,070,252 7,512,078
Short-term investments 121,369 111,061
Receivables, net 3,781,347 3,845,831
Inventories, net 1,977,312 1,838,113
Prepayments and deferred charges 429,902 303,589
Others 321,817 257,592
Non-current assets 50,392,828 46,952,802
Long-term receivables, net 36,798 38,262
Long-term investments, net 1,053,148 818,302
Property, plant and equipment, net 45,600,480 43,172,775
Intangible assets 35,623 35,483
Others 3,666,779 2,887,979
Total assets 66,094,827 60,821,066

Liabilities and equity


Current liabilities 5,436,987 4,745,090
Trade and non-trade payables 4,769,903 4,107,603
Others 667,084 637,486
Non-current liabilities 21,008,879 21,544,572
Notes payable 5,215 4,583
Mortgage payable 3,454 4,476
Bonds payable 124 41,048
Loans and advances payable 18,405,698 19,139,452
Contracts payable 31,431 19,928
Deferred credits 811,473 796,091
Others 1,751,484 1,538,994
Liabilities 26,445,865 26,289,662
Equity 39,648,964 34,531,404
Total liabilities and equity 66,094,830 60,821,066
Difference between totals and sum of components is due to rounding off.

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Republic of the Philippines
Water Districts
Summary Income Statement
For the year ended December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
2015 2014

Income 27,038,315 25,137,595

Business and service income 26,577,162 24,774,223


Gains and premiums 6,786 4,945
Others 454,367 358,427

Expenses 21,360,651 20,826,080

Personnel services 7,444,508 7,209,462


Maintenance and other operating expenses 12,569,472 11,914,231
Financial expenses 1,303,253 1,661,565
Others 43,417 40,822

Net income (loss) before subsidy 5,677,664 4,311,514

Subsidy income - 1,312

Net income (loss) before tax 5,677,664 4,312,826

Income tax expense (benefit) 5,434 1,976

Net income (loss) after tax 5,672,230 4,310,850


Difference between totals and sum of components is due to rounding off.

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Republic of the Philippines
Water Districts
Summary Statement of Changes in Equity
For the year ended December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
2015 2014
Government equity
Balance, beginning of period 10,508,445 9,650,203
Additions (deductions) 1,207,549 858,769
Balance, end of period 11,715,993 10,508,971

Donated capital
Balance, beginning of period 1,818,205 1,624,089
Additions (deductions) 71,804 145,066
Balance, end of period 1,890,009 1,769,156

Share premium
Balance, beginning of period 15,933 15,933
Additions (deductions) 3,507 -
Balance, end of period 19,440 15,933

Appraisal capital
Balance, beginning of period 201,560 201,552
Additions (deductions) 27 9
Balance, end of period 201,588 201,560

Reserved/Restricted capital
Balance, beginning of period 558,772 434,105
Additions (deductions) (6,699) 124,667
Balance, end of period 552,073 558,772

Retained earnings
Balance, beginning of period 21,467,956 18,329,839
Additions (deductions) 3,811,901 3,156,342
Balance, end of period 25,279,857 21,486,181

Total equity 39,658,960 34,540,573


Difference between totals and sum of components is due to rounding off.

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Republic of the Philippines
Water Districts
Summary Statement of Cash Flows
For the year ended December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
2015 2014
Cash flows from operating activities
Cash inflows 28,137,336 26,043,676
Cash outflows 20,561,477 20,190,863
Net cash provided by (used in) operating activities 7,575,859 5,852,813

Cash flows from investing activities


Cash inflows 864,172 363,670
Cash outflows 4,883,233 3,078,023
Net cash provided by (used in) investing activities (4,019,060) (2,714,353)

Cash flows from financing activities


Cash inflows 846,720 1,053,498
Cash outflows 2,976,166 2,605,603
Net cash provided by (used in) financing activities (2,129,446) (1,552,105)

Net increase (decrease) in cash and cash equivalents 1,427,352 1,586,355

Cash and cash equivalents, beginning of period 7,431,959 5,838,665

Cash and cash equivalents, end of period 8,859,311 7,425,020


Difference between totals and sum of components is due to rounding off.

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Notes to Financial Statements

1. Report Coverage/Limitation

Coverage/Limitation

For CY 2015, the financial statements of 488 water districts (WDs) or 96.25 percent of
the total 507 operating WDs are herein summarized. Of the financial reports submitted
and included in the summarization, 57.79 percent or 282 financial statements (FS) were
audited while 206 WDs or 42.21 percent are unaudited. The list of WDs not included in
the summarization of FS is disclosed in Annex C.

Currency of presentation

All amounts presented in this report are expressed in Philippine pesos, rounded off to the
nearest thousand.

2. Summary of significant accounting policies

Bases in the preparation of financial statements

In line with the commitment of the Commission on Audit to adhere to International


Financial Reporting Standards, WDs, like other GOCCs, are encouraged to adopt the
Philippine Financial Reporting Standards (PFRS). Corollary thereto, they observe the
reportorial requirements of regulatory agencies such as the CPS, an accounting system
prescribed by the LWUA. With the implementation of the New Government Accounting
System (NGAS) under COA Circular No. 2004-002, dated April 29, 2004, WDs were
required to convert their accounts under the NGAS. Subsequently, LWUA issued
Memorandum Circular No. 003-008 dated June 16, 2008 prescribing the use of the CPS-
NGAS Modified Chart of Accounts for use of WDs to facilitate the implementation of a
unified accounting system that conforms to both NGAS and LWUAs regulatory and
reportorial requirements. Thus, the WDs adopt the CPS, NGAS and PFRS in the
preparation of their financial statements.

Significant accounting judgments and estimates

The preparation of the financial statements in accordance with the prescribed accounting
principles/standards require the use of certain critical accounting estimates and
assumptions that affect the reported amounts of assets, liabilities, income and expenses.
It also requires management to exercise its judgment in applying the WDs accounting
policies. Future events may occur which will cause the assumptions used in arriving at
the estimates to change. The effects of any change in estimates are reflected in the
financial statements as they become reasonably determinable.

20
Cash and cash equivalents

Cash includes cash on hand and in banks. Cash equivalents are short-term, highly liquid
investments with original maturities of three (3) months or less from dates of purchase.

Receivables and allowance for probable losses

Receivables are stated at face value less allowance for uncollectible accounts. Allowance
for probable losses is set up at a level to provide for potential receivables, the collection
of which is considered remote. The level of this allowance is based on managements
evaluation on past collection experience and other factors that may affect collectability.
Periodic evaluation of accounts is conducted to identify those requiring sufficient level of
allowance and determine proper level thereof.

Inventories

Inventories are maintained using the perpetual inventory system and stated at cost using
the moving average method required under existing COA regulations.

Property, plant and equipment

Property, plant and equipment, except land are stated at cost less accumulated
depreciation. Costs include expenditures directly attributable to its acquisition.
Subsequent costs are included in the assets carrying amount or recognized as a separate
asset, as appropriate, when it is probable that the future economic benefits therefrom can
be measured reliably. All other costs of repairs and maintenance are disclosed in the
income statement during the financial period in which these costs are incurred.

Recognition of income and expenses

Income is recognized on accrual basis to the extent that it is probable that the economic
benefits will flow into the WD and its reliability of measurement. Expenses are likewise
recorded once incurred in line with the accrual basis of accounting.

Subsequent events

Any post-year event that provides additional information about the WDs financial
position at the balance sheet date (adjusting event) is reflected in the financial statements.
Post-year events that are non-adjusting are disclosed in the individual notes to financial
statements, when material.

2015 2014
3. Cash and cash equivalents 9,070,252 7,512,078

Cash includes cash on hand and in bank (under current and savings deposits). Cash
equivalents are short-term and highly liquid investments with maturities of three (3)
months or less and are determined to be readily available to a known amount of cash and

21
subject to an insignificant risk of change/s in value. The financial reports of 488 WDs
included in the summarization disclosed ending balances of cash and cash equivalents per
statement of cash flows that are different from the same account balances as presented in
the respective balance sheets of eleven (11) WDs by P210.94 million. Annex D details the
WDs with such variances in the said account.

2015 2014
4. Receivables, net of allowance for doubtful accounts
Current 3,781,347 3,845,831
Non-current 36,798 38,262

Receivables are stated at face value less an allowance for doubtful/uncollectible amounts
and are classified into current and non-current assets. Not all WDs provide an allowance
for doubtful accounts but for those that do so, allowance for doubtful accounts is computed
at a predetermined rate based on total accounts receivable outstanding at the end of each
month or year.

2015 2014
5. Inventories, net 1,977,312 1,838,113

Inventories pertain to various materials for use in the operation of WDs and are presented
at cost per existing regulation. Inventories are stated at face value less allowance for
obsolescence. The allowance for obsolescence is determined based on the WDs policy.

2015 2014
6. Property, plant and equipment, net 45,600,480 43,172,775

Property, plant and equipment (PPE) are carried at cost less accumulated depreciation.
Depreciation on assets is calculated using the straight-line method allocated over the
estimated useful lives of the assets after deducting the residual value.

2015 2014
7. Non-current liabilities 21,008,879 21,544,572

Non-current liabilities pertain mostly to long-term debt granted by LWUA to various


WDs.

22
2015 2014
8. Total equity 39,648,964 34,531,404

The equity of WDs is composed of government equity, donated capital, share premiums,
appraisal capital, restricted/reserved capital and retained earnings. The WDs with
variances in their equity accounts totaling P10.00 million per Balance Sheet and
Statement of Changes in Equity are disclosed in Annex E.

9. Income and Expenses

WDs adopt the accrual method of accounting for income and expenses, thus, all income
and expenses are recognized when earned and incurred, respectively.

2015 2014
Income 27,038,315 25,137,595

The account includes revenues derived from business and service income, gains and
premiums and other income.

2015 2014
Expenses 21,360,651 20,826,080

Expenses encompass personnel services, maintenance and other operating expenses,


financial expenses and other expenses.

23
LUZON

VISAYAS

MINDANAO
WATER DISTRICTS BY REGION
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL CAR I II III

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets

Current assets 15,701,999 13,868,264 371,698 297,226 772,882 601,043 347,882 283,818 2,392,079 2,126,962
Cash and cash equivalents 9,070,252 7,512,078 136,070 115,287 503,501 355,893 184,304 137,153 1,369,363 1,152,466
Short-term investments 121,369 111,061 98,930 53,124 - - - - 3,828 4,157
Receivables, net 3,781,347 3,845,831 54,559 58,452 146,870 138,647 106,102 85,347 631,346 619,159
Inventories, net 1,977,312 1,838,113 75,462 62,478 103,106 87,799 54,040 57,260 238,538 225,476
Prepayments and deferred charges 429,902 303,589 3,700 4,384 16,687 17,073 3,435 4,057 57,415 60,262
Others 321,817 257,592 2,978 3,502 2,718 1,631 - - 91,589 65,442

Non-current assets 50,392,828 46,952,802 1,490,946 1,505,260 2,900,639 2,861,531 1,602,133 1,516,700 9,629,585 8,826,546
Long-term receivables, net 36,798 38,262 - - - - - - 13,654 13,634
Long-term investments, net 1,053,148 818,302 7,279 21,800 18,274 17,340 - - 206,731 186,464
Property, plant and equipment, net 45,600,480 43,172,775 1,463,128 1,461,847 2,663,846 2,651,956 1,484,701 1,414,880 9,300,857 8,529,745
Intangible assets 35,623 35,483 - - 2,018 2,385 6,740 3,607 2,394 4,582
Others 3,666,779 2,887,979 20,539 21,613 216,501 189,850 110,691 98,213 105,949 92,121

Total assets 66,094,827 60,821,066 1,862,644 1,802,486 3,673,521 3,462,574 1,950,014 1,800,518 12,021,664 10,953,508

Liabilities and equity

Current liabilities 5,436,987 4,745,090 77,253 75,407 187,624 168,956 280,626 251,519 1,096,477 1,009,587
Trade and non-trade payables 4,769,903 4,107,603 58,921 55,936 112,604 102,610 252,250 225,219 971,278 867,521
Others 667,084 637,486 18,332 19,470 75,020 66,346 28,376 26,300 125,199 142,066

Non-current liabilities 21,008,879 21,544,572 544,281 630,302 1,219,195 1,215,887 906,112 929,701 3,432,683 3,518,292
Notes payable 5,215 4,583 - - - - - - 5,215 4,583
Mortgage payable 3,454 4,476 - - - - - - 923 1,490
Bonds payable 124 41,048 - - - - - - - 40,924
Loans and advances payable 18,405,698 19,139,452 538,394 626,157 1,096,077 1,099,565 878,859 906,071 3,198,156 3,342,919
Contracts payable 31,431 19,928 - - - - - - 5,621 1,367
Deferred credits 811,473 796,091 5,887 3,895 123,117 116,322 27,252 23,630 101,512 88,714
Others 1,751,484 1,538,994 - 250 1 - - - 121,256 38,295

Liabilities 26,445,865 26,289,662 621,534 705,709 1,406,819 1,384,843 1,186,738 1,181,220 4,529,160 4,527,879

Equity 39,648,964 34,531,404 1,241,110 1,096,778 2,266,702 2,077,731 763,276 619,298 7,492,504 6,425,629

Total liabilities and equity 66,094,830 60,821,066 1,862,644 1,802,486 3,673,521 3,462,574 1,950,014 1,800,518 12,021,664 10,953,508
Difference between totals and sum of components is due to rounding off.

25
WATER DISTRICTS BY REGION
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

IV-A IV-B V VI VII

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets

Current assets 2,279,239 1,737,193 256,863 196,377 985,921 876,334 718,577 623,782 1,828,692 1,660,273
Cash and cash equivalents 1,206,763 769,125 150,413 108,617 593,330 507,876 368,791 291,821 1,183,370 1,055,936
Short-term investments 4,295 39,490 - - - - - - - -
Receivables, net 617,378 552,419 42,473 36,192 234,932 233,253 230,902 223,605 338,915 346,324
Inventories, net 262,295 226,807 63,287 50,942 129,990 107,276 64,258 55,341 242,430 234,978
Prepayments and deferred charges 35,518 28,330 273 205 19,558 21,036 40,030 38,846 63,978 23,035
Others 152,990 121,022 417 421 8,110 6,892 14,596 14,169 - -

Non-current assets 7,495,381 7,040,264 1,137,990 1,130,939 2,762,789 2,624,235 2,839,312 2,835,587 2,683,891 2,702,854
Long-term receivables, net 11,648 21,353 4,037 3,275 - - - - - -
Long-term investments, net 389,757 236,926 16,216 17,033 180,409 145,106 25,006 24,254 27,815 29,007
Property, plant and equipment, net 6,930,681 6,671,010 1,102,283 1,092,870 2,541,774 2,438,872 2,807,567 2,804,429 2,331,023 2,295,373
Intangible assets 13,460 12,950 - - 28 380 - - - -
Others 149,836 98,026 15,454 17,761 40,577 39,876 6,739 6,904 325,053 378,474

Total assets 9,774,620 8,777,457 1,394,853 1,327,316 3,748,709 3,500,569 3,557,889 3,459,369 4,512,583 4,363,127

Liabilities and equity

Current liabilities 693,570 542,061 67,260 49,398 364,037 282,158 433,665 373,948 568,998 509,261
Trade and non-trade payables 603,441 438,440 30,163 24,122 341,713 269,006 410,734 355,975 552,166 494,686
Others 90,129 103,621 37,097 25,276 22,324 13,152 22,931 17,973 16,832 14,574

Non-current liabilities 2,283,066 2,230,560 558,122 603,488 1,405,514 1,440,284 2,151,787 2,242,776 948,198 988,824
Notes payable - - - - - - - - - -
Mortgage payable 2,531 2,986 - - - - - - - -
Bonds payable 111 111 - - - - - - - -
Loans and advances payable 1,848,548 1,971,076 556,122 602,232 1,352,277 1,385,132 1,823,275 1,872,398 844,989 891,614
Contracts payable 1,364 40 - - - - - - - -
Deferred credits 80,615 95,008 579 238 50,755 48,875 88,606 81,445 102,342 95,884
Others 349,897 161,338 1,421 1,018 2,482 6,277 239,906 288,932 868 1,326

Liabilities 2,976,636 2,772,621 625,382 652,886 1,769,551 1,722,443 2,585,453 2,616,724 1,517,196 1,498,085

Equity 6,797,984 6,004,836 769,471 674,430 1,979,159 1,778,126 972,437 842,646 2,995,387 2,865,042

Total liabilities and equity 9,774,620 8,777,457 1,394,853 1,327,316 3,748,709 3,500,569 3,557,889 3,459,369 4,512,583 4,363,127
Difference between totals and sum of components is due to rounding off.

26
WATER DISTRICTS BY REGION
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

VIII IX X XI XII

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets

Current assets 594,552 581,055 1,046,109 860,225 1,022,259 819,915 915,588 1,054,577 780,565 691,657
Cash and cash equivalents 294,722 298,147 636,893 565,013 678,809 399,390 491,638 476,225 516,758 433,739
Short-term investments 10,000 10,000 205 205 3,160 3,160 26 - - -
Receivables, net 202,251 187,098 155,342 138,425 221,356 278,535 163,507 341,481 166,135 164,739
Inventories, net 70,747 62,373 151,318 151,282 94,516 96,038 208,821 196,187 90,684 87,640
Prepayments and deferred charges 16,831 23,437 102,297 4,946 4,729 22,878 34,661 25,565 1,399 2,352
Others - - 53 355 19,688 19,913 16,935 15,119 5,589 3,187

Non-current assets 2,635,097 2,561,428 1,496,154 1,470,607 2,351,871 2,166,949 5,244,079 3,875,199 1,942,157 1,767,396
Long-term receivables, net - - - - - - 7,460 - - -
Long-term investments, net - - 10,535 1,060 5,037 4,662 51,911 51,806 34,800 13,134
Property, plant and equipment, net 2,605,723 2,515,447 1,466,401 1,430,243 2,095,874 2,078,981 2,929,722 2,160,064 1,907,357 1,754,262
Intangible assets 550 979 90 - 9,030 9,042 - 152 - -
Others 28,825 45,002 19,128 39,304 241,929 74,263 2,254,986 1,663,177 - -

Total assets 3,229,650 3,142,483 2,542,263 2,330,832 3,374,130 2,986,864 6,159,667 4,929,776 2,722,721 2,459,053

Liabilities and equity

Current liabilities 150,410 178,215 203,408 196,939 289,436 226,610 218,119 218,956 253,815 179,874
Trade and non-trade payables 99,801 97,382 198,437 193,976 231,441 199,709 181,472 188,255 236,815 163,509
Others 50,609 80,833 4,971 2,963 57,995 26,901 36,647 30,701 17,001 16,364

Non-current liabilities 1,546,509 1,469,298 819,434 851,527 1,148,271 1,280,854 707,532 386,310 821,702 908,835
Notes payable - - - - - - - - - -
Mortgage payable - - - - - - - - - -
Bonds payable - - - - - - 13 13 - -
Loans and advances payable 1,506,030 1,433,046 699,157 732,237 1,110,339 1,216,167 666,847 365,571 768,503 880,985
Contracts payable - - 23,383 17,458 1,063 1,063 - - - -
Deferred credits 40,480 36,253 72,993 70,642 36,859 52,354 835 684 33,958 26,658
Others - - 23,901 31,189 9 11,269 39,837 20,042 19,241 1,192

Liabilities 1,696,919 1,647,513 1,022,842 1,048,466 1,437,707 1,507,464 925,651 605,266 1,075,517 1,088,708

Equity 1,532,730 1,494,970 1,519,421 1,282,366 1,936,423 1,479,399 5,234,016 4,324,510 1,647,204 1,370,345

Total liabilities and equity 3,229,650 3,142,483 2,542,263 2,330,832 3,374,130 2,986,864 6,159,667 4,929,776 2,722,721 2,459,053
Difference between totals and sum of components is due to rounding off.

27
WATER DISTRICTS BY REGION
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

XIII XVI ARMM

2015 2014 2015 2014 2015 2014

Assets

Current assets 528,591 676,790 679,671 612,034 180,831 169,003


Cash and cash equivalents 331,550 484,917 415,625 353,321 8,352 7,152
Short-term investments 926 926 - - - -
Receivables, net 97,658 88,768 204,431 197,851 167,189 155,536
Inventories, net 69,050 75,799 55,492 55,156 3,277 5,281
Prepayments and deferred charges 26,434 23,487 1,182 2,900 1,775 796
Others 2,973 2,893 2,941 2,806 239 239

Non-current assets 2,239,735 2,192,878 1,684,893 1,634,184 256,177 240,246


Long-term receivables, net - - - - - -
Long-term investments, net 13,090 12,309 66,287 57,400 - -
Property, plant and equipment, net 2,103,378 2,059,938 1,610,041 1,572,667 256,124 240,193
Intangible assets - - 1,314 1,406 - -
Others 123,267 120,631 7,252 2,711 53 53

Total assets 2,768,326 2,869,668 2,364,564 2,246,219 437,008 409,248

Liabilities and equity

Current liabilities 186,937 167,602 135,230 152,176 230,121 162,423


Trade and non-trade payables 186,937 167,602 124,853 122,319 176,877 141,336
Others - - 10,377 29,858 53,243 21,087

Non-current liabilities 1,407,644 1,667,984 1,031,173 1,042,970 77,655 136,681


Notes payable - - - - - -
Mortgage payable - - - - - -
Bonds payable - - - - - -
Loans and advances payable 424,467 648,595 1,027,666 1,040,733 65,991 124,952
Contracts payable - - - - - -
Deferred credits 42,205 53,218 3,320 2,050 156 222
Others 940,972 966,171 187 187 11,507 11,507

Liabilities 1,594,581 1,835,586 1,166,403 1,195,146 307,776 299,104

Equity 1,173,748 1,034,082 1,198,160 1,051,073 129,232 110,144

Total liabilities and equity 2,768,329 2,869,668 2,364,564 2,246,219 437,008 409,248
Difference between totals and sum of components is due to rounding off.

28
WATER DISTRICTS BY REGION
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL CAR I II III

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 27,038,315 25,137,595 687,646 656,587 1,259,548 1,175,867 594,172 530,588 5,443,318 5,138,016

Business and service income 26,577,162 24,774,223 676,488 649,620 1,234,458 1,161,248 587,441 525,760 5,342,677 5,083,648
Gains and premiums 6,786 4,945 1,185 2,294 203 129 - - 1,317 593
Others 454,367 358,427 9,972 4,673 24,887 14,490 6,731 4,828 99,324 53,775

Expenses 21,360,651 20,826,080 537,428 519,919 974,245 950,685 488,560 474,137 4,332,989 4,373,416

Personnel services 7,444,508 7,209,462 176,037 151,619 369,169 360,634 205,697 194,483 1,378,893 1,434,445
Maintenance and other operating expenses 12,569,472 11,914,231 323,962 323,127 540,028 508,154 252,775 244,630 2,718,526 2,617,529
Financial expenses 1,303,253 1,661,565 31,588 45,174 46,115 57,721 28,514 35,024 234,468 318,172
Others 43,417 40,822 5,841 - 18,933 24,176 1,573 - 1,102 3,270

Net income (loss) before subsidy 5,677,664 4,311,514 150,217 136,667 285,303 225,182 105,613 56,451 1,110,329 764,600

Add: Subsidy - 1,312 - - - 812 - - - -

Net income (loss) before tax 5,677,664 4,312,826 150,217 136,667 285,303 225,994 105,613 56,451 1,110,329 764,600

Income tax expense (benefit) 5,434 1,976 - - - - - - - -

Net income (loss) after tax 5,672,230 4,310,850 150,217 136,667 285,303 225,994 105,613 56,451 1,110,329 764,600
Difference between totals and sum of components is due to rounding off.

29
WATER DISTRICTS BY REGION
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

IV-A IV-B V VI VII

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 4,683,915 4,388,144 508,009 479,411 1,522,148 1,459,714 1,078,334 989,938 1,981,611 1,748,298

Business and service income 4,636,210 4,326,879 504,067 465,797 1,503,870 1,444,061 1,062,761 - 975,304 1,904,543 1,691,182
Gains and premiums - - - - 198 396 3 - 6 - -
Others 47,706 61,265 3,942 13,613 18,080 15,257 15,569 - 14,627 77,069 57,116

Expenses 3,804,762 3,775,241 419,202 420,544 1,276,636 1,246,503 939,430 932,904 1,648,196 1,434,920

Personnel services 1,373,335 1,283,724 164,614 161,300 516,793 466,786 322,004 - 308,725 224,400 238,695
Maintenance and other operating expenses 2,304,883 2,314,351 218,017 216,539 642,594 639,607 483,169 - 460,081 1,363,020 1,115,552
Financial expenses 112,595 166,990 36,572 42,705 117,249 140,084 134,257 - 164,098 60,746 80,180
Others 13,949 10,176 - - - 25 - - - 29 494

Net income (loss) before subsidy 879,153 612,903 88,807 58,867 245,512 213,212 138,904 57,034 333,416 313,378

Add: Subsidy - - - - - - - - - - -

Net income (loss) before tax 879,153 612,903 88,807 58,867 245,512 213,212 138,904 57,034 333,416 313,378

Income tax expense (benefit) 2,438 335 - - - - - - - - -

Net income (loss) after tax 876,715 612,568 88,807 58,867 245,512 213,212 138,904 57,034 333,416 313,378
Difference between totals and sum of components is due to rounding off.

30
WATER DISTRICTS BY REGION
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

VIII IX X XI XII

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 726,723 646,562 1,025,714 899,995 1,626,569 1,500,424 2,531,139 2,404,293 1,195,220 1,075,979

Business and service income 702,144 641,700 1,010,156 888,302 1,614,174 1,489,408 2,488,615 2,361,333 1,188,527 1,068,956
Gains and premiums 1,433 534 - - 1,099 174 28 2 - -
Others 23,145 4,329 15,558 11,693 11,295 10,842 42,496 42,958 6,693 7,023

Expenses 626,419 592,805 786,685 739,075 1,233,581 1,202,316 1,555,002 1,546,579 899,355 838,731

Personnel services 255,695 242,771 286,126 272,084 422,578 393,887 539,922 594,116 409,364 370,316
Maintenance and other operating expenses 272,017 243,119 460,971 426,917 713,436 685,173 978,917 924,951 425,701 389,314
Financial expenses 98,558 106,741 39,589 40,074 97,566 123,257 36,163 27,512 64,291 79,051
Others 150 174 - - - - - - - 50

Net income (loss) before subsidy 100,304 53,757 239,029 160,919 392,988 298,108 976,137 857,714 295,864 237,248

Add: Subsidy - - - - - - - - - -

Net income (loss) before tax 100,304 53,757 239,029 160,919 392,988 298,108 976,137 857,714 295,864 237,248

Income tax expense (benefit) - - - - - - - - - -

Net income (loss) after tax 100,304 53,757 239,029 160,919 392,988 298,108 976,137 857,714 295,864 237,248
Difference between totals and sum of components is due to rounding off.

31
WATER DISTRICTS BY REGION
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

XIII XVI ARMM

2015 2014 2015 2014 2015 2014

Income 794,913 752,241 1,265,494 1,189,966 113,842 101,571

Business and service income 762,205 726,897 1,246,656 1,174,217 112,169 99,910
Gains and premiums 119 111 822 701 378 4
Others 32,589 25,233 18,016 15,047 1,294 1,657

Expenses 658,655 645,162 1,083,247 1,044,062 96,258 89,081

Personnel services 250,137 227,990 504,013 469,630 45,730 38,259


Maintenance and other operating expenses 322,492 302,314 502,535 457,580 46,428 45,292
Financial expenses 86,002 114,858 74,882 114,617 4,100 5,308
Others 24 - 1,816 2,235 - 222

Net income (loss) before subsidy 136,258 107,079 182,247 145,904 17,584 12,490

Add: Subsidy - 500 - - - -

Net income (loss) before tax 136,258 107,579 182,247 145,904 17,584 12,490

Income tax expense (benefit) 190 176 2,806 1,465 - -

Net income (loss) after tax 136,068 107,403 179,441 144,439 17,584 12,490
Difference between totals and sum of components is due to rounding off.

32
WATER DISTRICTS BY REGION
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL CAR I II III

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of period 10,508,445 9,650,203 282,076 273,676 468,969 470,895 120,446 124,609 659,739 695,034
Additions (Deductions) 1,207,549 858,769 5,404 12,542 20,559 (1,926) - (4,163) 4,103 (35,295)

Government equity, end of period 11,715,993 10,508,971 287,480 286,218 489,528 468,969 120,446 120,446 663,842 659,739

Donated capital, beginning of period 1,818,205 1,624,089 - 4,098 167,719 163,905 148,367 122,625 247,574 215,656
Additions (Deductions) 71,804 145,066 - (4,098) 3,906 3,814 (2,841) 895 34,944 31,918

Donated capital, end of period 1,890,009 1,769,156 - - 171,625 167,719 145,525 123,520 282,518 247,574

Share premium, beginning of period 15,933 15,933 - - - - - - - - -


Additions (Deductions) 3,507 - - - - - - - - - -

Share premium, end of period 19,440 15,933 - - - - - - - -

Appraisal capital, beginning of period 201,560 201,552 - - - - 57 - - - -


Additions (Deductions) 27 9 - - - - (57) - - - -

Appraisal capital, end of period 201,588 201,560 - - - - - - - -

Reserved/Restricted capital, beginning of period 558,772 434,105 - - - - - 60,570 54,308 49,014 47,104
Additions (Deductions) (6,699) 124,667 - - - - - 34,569 6,263 58 1,910

Reserved/Restricted capital, end of period 552,073 558,772 - - - - 95,139 60,570 49,072 49,014

Retained earnings, beginning of period 21,467,956 18,329,839 810,604 690,727 1,441,043 1,235,047 313,838 266,636 5,469,302 4,692,484
Additions (Deductions) 3,811,901 3,156,342 143,027 119,833 164,506 205,996 88,328 48,126 1,027,770 776,818

Retained earnings, end of period 25,279,857 21,486,181 953,631 810,560 1,605,549 1,441,043 402,166 314,762 6,497,072 5,469,302

Total equity 39,658,960 34,540,573 1,241,111 1,096,778 2,266,702 2,077,731 763,276 619,298 7,492,504 6,425,629
Difference between totals and sum of components is due to rounding off.

33
WATER DISTRICTS BY REGION
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

IV-A IV-B V VI VII

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of period 737,639 656,080 606,734 555,454 163,794 164,179 293,825 276,523 116,746 116,841
Additions (Deductions) 2,017 86,266 89,893 52,230 (6,281) (384) 732 17,302 - (105)

Government equity, end of period 739,656 742,346 696,626 607,684 157,513 163,794 294,557 293,825 116,746 116,736

Donated capital, beginning of period 450,061 422,812 42,402 45,206 - - 76,006 82,469 60,586 59,679
Additions (Deductions) 22,833 10,603 8 (2,804) - - (17,740) (6,462) 4,153 907

Donated capital, end of period 472,895 433,415 42,410 42,402 - - 58,266 76,006 64,738 60,586

Share premium, beginning of period - - - - - - - - - -


Additions (Deductions) - - - - - - - - - -

Share premium, end of period - - - - - - - - - -

Appraisal capital, beginning of period - - - - - - - - 183,998 183,998


Additions (Deductions) - - - - - - - - - -

Appraisal capital, end of period - - - - - - - - 183,998 183,998

Reserved/Restricted capital, beginning of period - - - - 29,936 29,653 44,494 44,494 282,077 170,846
Additions (Deductions) - - - - (63) 283 - - (48,072) 111,231

Reserved/Restricted capital, end of period - - - - 29,873 29,936 44,494 44,494 234,005 282,077

Retained earnings, beginning of period 4,830,128 4,251,067 24,344 21,158 1,582,646 1,434,350 428,321 435,729 2,221,537 1,908,707
Additions (Deductions) 756,035 579,062 6,090 3,186 218,087 158,168 146,799 (7,408) 174,363 312,937

Retained earnings, end of period 5,586,163 4,830,128 30,434 24,344 1,800,733 1,592,518 575,120 428,321 2,395,900 2,221,645

Total equity 6,798,714 6,005,889 769,471 674,430 1,988,119 1,786,248 972,437 842,646 2,995,387 2,865,042
Difference between totals and sum of components is due to rounding off.

34
WATER DISTRICTS BY REGION
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

VIII IX X XI XII

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of period 857,190 867,764 329,745 323,544 165,185 161,310 4,305,334 3,578,562 971,174 971,174
Additions (Deductions) (6,344) (10,574) (10,999) 6,201 748 3,875 903,357 726,772 197,448 -

Government equity, end of period 850,846 857,190 318,746 329,745 165,934 165,185 5,208,691 4,305,334 1,168,622 971,174

Donated capital, beginning of period 158,373 55,952 80,921 80,535 244,649 239,989 - - 1,455 911
Additions (Deductions) 21,711 94,865 2,544 386 (3,883) 4,660 1,262 - 294 544

Donated capital, end of period 180,084 150,817 83,464 80,921 240,766 244,649 1,262 - 1,748 1,455

Share premium, beginning of period - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - -

Share premium, end of period - - - - - - - - - -

Appraisal capital, beginning of period 3,901 3,836 4,147 4,147 4,013 4,013 - - - - -
Additions (Deductions) 27 66 - - - - - - - - -

Appraisal capital, end of period 3,928 3,901 4,147 4,147 4,013 4,013 - - - -

Reserved/Restricted capital, beginning of period 52,475 47,391 - - - - - - (73) 200


Additions (Deductions) 5,012 5,084 - - - - 444 - 273 (273)

Reserved/Restricted capital, end of period 57,487 52,475 - - - - 444 - 200 (73)

Retained earnings, beginning of period 430,564 393,614 867,553 750,356 1,065,552 784,407 19,176 4,192 397,789 166,158
Additions (Deductions) 9,883 36,967 245,510 117,197 460,159 281,145 4,443 14,984 78,845 231,631

Retained earnings, end of period 440,447 430,580 1,113,063 867,553 1,525,711 1,065,552 23,619 19,176 476,633 397,789

Total equity 1,532,792 1,494,963 1,519,421 1,282,366 1,936,423 1,479,399 5,234,016 4,324,510 1,647,204 1,370,345
Difference between totals and sum of components is due to rounding off.

35
WATER DISTRICTS BY REGION
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

XIII XVI ARMM

2015 2014 2015 2014 2015 2014

Government equity, beginning of period 92,059 92,059 215,923 200,633 121,866 121,866
Additions (Deductions) (309) - 3,926 6,028 3,295 -

Government equity, end of period 91,750 92,059 219,849 206,661 125,162 121,866

Donated capital, beginning of period 123,970 112,534 3,865 5,665 12,257 12,054
Additions (Deductions) 2,637 11,436 1,800 (1,800) 177 203

Donated capital, end of period 126,607 123,970 5,665 3,865 12,434 12,257

Share premium, beginning of period 15,933 15,933 - - - - -


Additions (Deductions) 3,507 - - - - - -

Share premium, end of period 19,440 15,933 - - - -

Appraisal capital, beginning of period - - - - - 5,501 5,501


Additions (Deductions) - - - - - - -

Appraisal capital, end of period - - - - 5,501 5,501

Reserved/Restricted capital, beginning of period 20,601 20,433 19,677 19,677 - - -


Additions (Deductions) 377 168 704 - - - -

Reserved/Restricted capital, end of period 20,978 20,601 20,381 19,677 - -

Retained earnings, beginning of period 781,519 686,832 813,522 663,689 (29,481) (55,312)
Additions (Deductions) 133,697 94,687 138,743 157,182 15,615 25,831

Retained earnings, end of period 915,216 781,519 952,265 820,871 (13,866) (29,481)

Total equity 1,173,991 1,034,082 1,198,160 1,051,074 129,232 110,144


Difference between totals and sum of components is due to rounding off.

36
WATER DISTRICTS BY REGION
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL CAR I II III

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 28,137,336 26,043,676 699,392 668,737 1,327,558 1,224,294 615,942 551,678 5,674,366 5,313,399
Cash outflows 20,561,477 20,190,863 475,061 446,910 970,313 934,237 474,566 442,510 4,198,738 4,160,627

Net cash provided by (used in) operating activities 7,575,859 5,852,813 224,331 221,827 357,245 290,057 141,377 109,168 1,475,628 1,152,772

Cash flows from investing activities


Cash inflows 864,172 363,670 24,630 20,654 4,523 3,789 1,607 946 111,514 72,515
Cash outflows 4,883,233 3,078,023 111,319 90,712 149,209 115,925 58,301 52,252 997,606 811,157

Net cash provided by (used in) investing activities (4,019,060) (2,714,353) (86,689) (70,058) (144,686) (112,136) (56,695) (51,306) (886,092) (738,642)

Cash flows from financing activities


Cash inflows 846,720 1,053,498 20,081 8,000 18,499 4,162 14,623 6,242 126,165 238,001
Cash outflows 2,976,166 2,605,603 136,939 146,092 83,450 101,538 52,591 44,616 498,804 524,990

Net cash provided by (used in) financing activities (2,129,446) (1,552,105) (116,859) (138,092) (64,951) (97,376) (37,967) (38,374) (372,639) (286,989)

Net increase (decrease) in cash and cash equivalents 1,427,352 1,586,355 20,783 13,677 147,608 80,545 46,715 19,488 216,897 127,141

Cash and cash equivalents, beginning of period 7,431,959 5,838,665 115,287 101,609 355,893 275,348 137,589 117,666 1,152,466 1,025,325

Cash and cash equivalents, end of period 8,859,311 7,425,020 136,070 115,287 503,501 355,893 184,304 137,153 1,369,363 1,152,466
Difference between totals and sum of components is due to rounding off.

37
WATER DISTRICTS BY REGION
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

IV-A IV-B V VI VII

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 5,100,291 4,545,672 510,787 491,836 1,562,517 1,470,638 1,139,694 1,018,406 2,054,190 1,845,114
Cash outflows 3,985,561 3,816,170 387,644 349,738 1,123,053 1,087,015 849,883 819,880 1,507,792 1,368,934

Net cash provided by (used in) operating activities 1,114,730 729,502 123,143 142,099 439,464 383,623 289,811 198,526 546,398 476,180

Cash flows from investing activities


Cash inflows 29,366 48,671 3,740 3,058 33,969 35,827 20,322 57,578 120 144
Cash outflows 472,380 440,362 83,010 93,528 243,531 201,383 84,684 131,100 218,245 161,579

Net cash provided by (used in) investing activities (443,014) (391,691) (79,269) (90,471) (209,561) (165,556) (64,362) (73,522) (218,125) (161,434)

Cash flows from financing activities


Cash inflows 71,478 61,936 5,915 15 36,667 22,729 51,873 19,781 2,580 -
Cash outflows 435,098 251,210 8,802 52,074 180,790 168,609 199,679 188,953 203,428 198,852

Net cash provided by (used in) financing activities (363,620) (189,274) (2,887) (52,059) (144,123) (145,880) (147,806) (169,172) (200,848) (198,852)

Net increase (decrease) in cash and cash equivalents 308,095 148,537 40,986 (431) 85,780 72,187 77,643 (44,168) 127,425 115,894

Cash and cash equivalents, beginning of period 690,751 542,213 109,426 109,857 507,866 436,085 291,822 335,990 1,055,936 933,140

Cash and cash equivalents, end of period 998,846 690,751 150,413 109,426 593,646 508,272 369,464 291,822 1,183,361 1,049,034
Difference between totals and sum of components is due to rounding off.

38
WATER DISTRICTS BY REGION
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

VIII IX X XI XII

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 756,114 643,893 1,052,929 931,798 1,643,205 1,488,898 2,519,169 2,632,588 1,239,260 1,123,384
Cash outflows 578,626 493,620 730,582 727,435 1,053,574 968,790 1,698,289 2,294,117 855,570 763,247

Net cash provided by (used in) operating activities 177,488 150,273 322,347 204,363 589,631 520,108 820,880 338,471 383,690 360,137

Cash flows from investing activities


Cash inflows 294 844 1 3 6,581 1,551 516,672 21 6,582 1,553
Cash outflows 102,418 56,171 162,015 108,371 117,015 127,753 1,603,304 287,101 186,849 119,291

Net cash provided by (used in) investing activities (102,125) (55,327) (162,014) (108,368) (110,433) (126,202) (1,086,632) (287,080) (180,266) (117,737)

Cash flows from financing activities


Cash inflows 65,319 27,661 11,499 262,242 3,748 9,040 350,624 124,635 26,368 11,517
Cash outflows 144,104 117,838 101,451 73,057 203,698 209,992 69,636 22,855 146,773 158,841

Net cash provided by (used in) financing activities (78,785) (90,177) (89,952) 189,185 (199,950) (200,953) 280,988 101,780 (120,405) (147,323)

Net increase (decrease) in cash and cash equivalents (3,421) 4,769 70,382 285,179 279,248 192,953 15,236 153,171 83,019 95,076

Cash and cash equivalents, beginning of period 298,144 293,375 566,556 281,377 399,560 206,437 476,251 323,054 433,739 338,663

Cash and cash equivalents, end of period 294,722 298,144 636,938 566,556 678,808 399,390 491,487 476,225 516,758 433,739
Difference between totals and sum of components is due to rounding off.

39
WATER DISTRICTS BY REGION
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

XIII XVI ARMM

2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 828,738 779,032 1,309,954 1,220,508 103,230 93,801
Cash outflows 523,562 474,038 1,050,003 954,096 98,662 89,498

Net cash provided by (used in) operating activities 305,176 304,994 259,951 266,412 4,568 4,303

Cash flows from investing activities


Cash inflows 6,003 5,862 96,746 109,198 1,501 1,455
Cash outflows 118,592 109,365 171,788 167,545 2,967 4,427

Net cash provided by (used in) investing activities (112,589) (103,503) (75,042) (58,348) (1,466) (2,973)

Cash flows from financing activities


Cash inflows 29,892 254,773 8,224 - 3,165 2,764
Cash outflows 375,033 185,450 130,822 155,158 5,067 5,478

Net cash provided by (used in) financing activities (345,141) 69,323 (122,599) (155,158) (1,902) (2,714)

Net increase (decrease) in cash and cash equivalents (152,554) 270,814 62,310 52,907 1,200 (1,384)

Cash and cash equivalents, beginning of period 480,207 209,576 353,315 300,414 7,152 8,536

Cash and cash equivalents, end of period 327,653 480,390 415,625 353,320 8,352 7,152
Difference between totals and sum of components is due to rounding off.

40
Cordillera
Administrative
Region

ABRA
Bucay
Dolores
Langangilang
Metro Bangued
San Juan
CITY
Baguio

BENGUET
La Trinidad
IFUGAO
Banaue
Ifugao
CORDILLERA ADMINISTRATIVE REGION
Summary Balance Sheet
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL ABRA BENGUET IFUGAO CITIES

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets

Current assets 371,698 - 297,226 - 87,852 - 69,522 - 57,555 - 43,730 - 6,405 - 14,360 - 219,886 - 169,614
Cash and cash equivalents 136,070 115,287 71,061 - 52,861 25,015 - 22,003 5,002 - 12,623 34,992 - 27,799
Short term investments 98,930 53,124 - - - - - - - - - 98,930 - 53,124
Receivables, net 54,559 58,452 7,933 - 7,466 2,546 - 2,975 966 - 1,061 43,113 - 46,950
Inventories, net 75,462 62,478 8,725 - 9,180 29,520 - 18,471 384 - 376 36,833 - 34,451
Prepayments and deferred charges 3,700 4,384 133 - 15 473 - 281 53 - 300 3,040 - 3,788
Others 2,978 3,502 - - - - - - - - - 2,978 - 3,502

Non-current assets 1,490,946 - 1,505,260 - 136,713 - 138,607 - 157,880 - 159,028 - 31,330 - 22,775 - 1,165,024 - 1,184,849
Long term receivables, net - - - - - - - - - - - - - -
Long term investments, net 7,279 21,800 2,052 - 2,052 5,227 - 19,748 - - - - - -
Property, plant and equipment, net 1,463,128 1,461,847 133,238 - 135,133 134,928 - 123,587 31,217 - 22,662 1,163,745 - 1,180,465
Intangible assets - - - - - - - - - - - - - -
Other assets 20,539 21,613 1,423 - 1,423 17,724 - 15,693 113 - 113 1,278 - 4,384

Total assets 1,862,644 - 1,802,486 - 224,565 - 208,130 - 215,434 - 202,759 - 37,735 - 37,135 - 1,384,909 - 1,354,463

Liabilities and equity

Current liabilities 77,253 - 75,407 - 1,932 - 1,739 - 7,835 - 6,812 - 3,981 - 2,338 - 63,505 - 64,518
Trade and non-trade payables 58,921 55,936 1,678 - 1,440 7,795 - 6,778 3,705 - 2,061 45,743 - 45,657
Others 18,332 19,470 254 - 299 39 - 33 277 - 277 17,762 - 18,862

Non-current liabilities 544,281 - 630,302 - 62,886 - 64,517 - - - - - 7,665 - 9,032 - 473,730 - 556,753
Notes payable - - - - - - - - - - - - - -
Mortgage payable - - - - - - - - - - - - - -
Bonds payable - - - - - - - - - - - - - -
Loans and advances payable 538,394 626,157 61,055 - 62,978 - - - 7,665 - 8,782 469,675 - 554,397
Contract payable - - - - - - - - - - - - - -
Deferred credits 5,887 3,895 1,832 - 1,540 - - - - - - 4,055 - 2,355
Others - 250 - - - - - - - - 250 - - -

Total liabilities 621,534 - 705,709 - 64,818 - 66,256 - 7,835 - 6,812 - 11,646 - 11,369 - 537,235 - 621,271

Equity 1,241,110 1,096,778 159,747 - 141,873 26, 089 207,600 - 195,947 - 26,089 - 25,765 847,675 - 733,192
Total liabilities and equity 1,862,644 - 1,802,486 - 224,565 - 208,130 26, 089 215,434 - 202,759 - 37,735 - 37,135 - 1,384,909 - 1,354,463
Difference between totals and sums of components is due to rounding off.

42
CORDILLERA ADMINISTRATIVE REGION
Summary Income Statement
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL ABRA BENGUET IFUGAO CITIES

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 687,646 - 656,587 - 76,701 - 71,377 - 76,609 - 74,531 - 4,814 - 4,834 - 529,522 841 505,844

Business and service income 676,488 649,620 72,417 - 69,708 76,495 - 74,285 4,807 4,808 522,769 - 500,819
Gains and premiums 1,185 2,294 1,185 - 1,453 - - - - - - 841 841
Others 9,972 4,673 3,098 - 217 114 - 246 7 26 6,753 - 4,184

Expenses 537,428 - 519,919 - 58,333 - 51,657 - 60,927 - 58,290 - 4,477 - 5,214 - 413,691 - 404,758

Personnel services 176,037 151,619 27,022 - 23,671 14,166 - 14,086 2,249 2,099 132,600 - 111,763
Maintenance and other operating expenses 323,962 323,127 29,850 - 26,098 46,761 - 44,199 1,369 1,812 245,982 - 251,017
Financial expenses 31,588 45,174 1,462 - 1,888 - - 5 858 1,303 29,268 - 41,978
Others 5,841 - - - - - - - - - - 5,841 -

Net income (loss) before subsidy 150,217 - 136,667 - 18,368 - 19,720 - 15,681 - 16,241 - 337 - (380) - 115,831 841 101,086

Add: Subsidy - - - - - - - - - -

Net income (loss) before tax 150,217 - 136,667 - 18,368 - 19,720 - 15,681 - 16,241 - 337 - (380) - 115,831 841 101,086

Income tax expense - - - - - - - - - -

Net income (loss) after tax 150,217 - 136,667 - 18,368 - 19,720 - 15,681 - 16,241 - 337 - (380) - 115,831 841 101,086
Difference between totals and sums of components is due to rounding off.

43
CORDILLERA ADMINISTRATIVE REGION
Summary Statement of Changes in Equity
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)
TOTAL ABRA BENGUET IFUGAO CITIES
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 282,076 273,676 15,269 15,269 8,400 8,400 23,334 - 15,334 235,073 - 234,673
Additions (Deductions) 5,404 12,542 4,146 - 4,142 - - - - - - - 8,000 - 1,258 - 400

Government equity, end of period 287,480 - 286,218 - 19,415 - 19,410 - 8,400 - 8,400 - 23,334 - 23,334 - 236,331 - 235,073

Donated capital, beginning of period - 4,098 - - 4,098 - - - - - -


Additions (Deductions) - (4,098) - - (4,098) - - - - - -

Donated capital, end of period - - - - - - - - - - - - - - - - - - -

Reserved/Restricted capital, beginning of period - - - - - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - - - - - -

Reserved/Restricted capital, end of period - - - - - - - - - - - - - - - - - - -

Retained earnings, beginning of period 810,604 690,727 122,507 - 116,237 187,547 171,905 2,431 - 2,811 498,119 - 399,773
Additions (Deductions) 143,027 119,833 17,826 - 6,226 11,653 15,642 324 - (380) - 113,225 - 98,346

Retained earnings, end of period 953,631 - 810,560 - 140,332 - 122,463 - 199,200 - 187,547 - 2,755 - 2,431 - 611,344 - 498,119

Total equity 1,241,111 - 1,096,778 - 159,747 - 141,873 - 207,600 - 195,947 - 26,089 - 25,765 - 847,675 - 733,192
Difference between totals and sums of components is due to rounding off.

44
CORDILLERA ADMINISTRATIVE REGION
Summary Cash Flow Statement
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL ABRA BENGUET IFUGAO CITY

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 699,392 668,737 72,096 70,719 78,203 83,871 5,762 5,936 543,332 508,211
Cash outflows 475,061 446,910 50,395 47,276 72,306 63,691 4,062 3,932 348,298 332,012

Net cash provided by (used in) operating activities 224,331 221,827 21,700 23,444 5,896 20,179 1,700 2,005 195,034 176,199

Cash flows from investing activities


Cash inflows 24,630 20,654 1 2 18,418 2,399 107 151 6,104 18,102
Cash outflows 111,319 90,712 2,312 9,413 21,303 30,428 7,662 3,302 80,042 47,569

Net cash provided by (used in) investing activities (86,689) (70,058) (2,311) (9,411) (2,884) (28,029) (7,556) (3,151) (73,938) (29,467)

Cash flows from financing activities


Cash inflows 20,081 8,000 2,941 - - - - 8,000 17,140 -
Cash outflows 136,939 146,092 4,130 3,887 - - 1,766 2,004 131,043 140,200

Net cash provided by (used in) financing activities (116,859) (138,092) (1,189) (3,887) - - (1,766) 5,996 (113,903) (140,200)

Net increase (decrease) in cash and cash equivalents 20,783 13,677 18,200 10,145 3,012 (7,850) (7,622) 4,850 7,193 6,532

Cash and cash equivalents, beginning of period 115,287 101,609 52,861 42,716 22,003 29,853 12,623 7,773 27,799 21,267

Cash and cash equivalents, end of period 136,070 115,287 71,061 52,861 25,015 22,003 5,002 12,623 34,992 27,799
Difference between totals and sums of components is due to rounding off.

45
PROVINCE OF ABRA
Summary Balance Sheet
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL BUCAY DOLORES LANGANGILANG METRO BANGUED SAN JUAN


2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets

Current assets 87,852 69,522 1,195 - 1,206 1,438 - 427 850 800 81,801 64,959 2,569 2,130
Cash and cash equivalents 71,061 52,861 508 - 455 - 1,317 279 - 344 454 66,408 49,758 - 2,484 - 1,915
Short term investments - - - - - - - - - - - - - - - - -
Receivables, net 7,933 7,466 250 - 240 - 120 148 - 464 268 7,014 6,608 - 85 - 203
Inventories, net 8,725 9,180 437 - 511 - - - - 42 78 8,245 8,578 - - - 12
Prepayments and deferred charges 133 15 - - - - - - - - - 133 15 - - - -
Others - - - - - - - - - - - - - - - - -

Non-current assets 136,713 138,607 28,317 - 26,731 6,278 - 5,827 10,105 10,220 70,945 74,760 21,068 21,068
Long term receivables, net - - - - - - - - - - - - - - - - -
Long term investments, net 2,052 2,052 - - - - - - - - - 2,052 2,052 - - - -
Property, plant and equipment, net 133,238 135,133 28,317 - 26,731 - 6,278 5,827 - 10,105 10,220 68,370 72,186 - 20,168 19, 459 20,168
Intangible assets - - - - - - - - - - - - - - - - -
Other assets 1,423 1,423 - - - - - - - - - 523 523 - 900 - 900

Total assets 224,565 208,130 29,511 - 27,938 7,715 - 6,254 10,956 11,020 152,745 139,720 23,638 23,198

Liabilities and equity

Current liabilities 1,932 1,739 598 - 341 (286) - (286) 31 114 1,383 1,364 207 207
Trade and non-trade payables 1,678 1,440 598 - 341 - (286) (286) - 22 12 1,138 1,167 - 207 207 207
Others 254 299 - - - - - - - 9 102 245 197 - - - -

Non-current liabilities 62,886 64,517 27,519 - 27,291 2,539 - 2,720 189 260 11,154 12,761 21,486 21,486
Notes payable - - - - - - - - - - - - - - - - -
Mortgage payable - - - - - - - - - - - - - - - - -
Bonds payable - - - - - - - - - - - - - - - - -
Loans and advances payable 61,055 62,978 27,519 - 27,291 - 2,533 2,714 - 189 260 9,327 11,227 - 21,486 - 21,486
Contract payable - - - - - - - - - - - - - - - - - - - -
Deferred credits 1,832 1,540 - - - - 5 5 - - - 1,826 1,534 - - - -
Others - - - - - - - - - - - - - - - - - - - -

Total liabilities 64,818 66,256 28,117 - 27,632 2,253 - 2,433 220 374 12,537 14,125 21,692 21,692

Equity 159,747 141,873 1,394 - 306 - 5,463 3,821 - 10,736 10,646 140,209 125,595 - 1,945 - 1,506

Total liabilities and equity 224,565 208,130 29,511 - 27,938 7,715 - 6,254 10,956 11,020 152,745 139,720 23,638 23,198
Difference between totals and sums of components is due to rounding off.

46
PROVINCE OF BENGUET
Summary Balance Sheet
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL LA TRINIDAD

2015 2014 2015 2014

Assets

Current assets 57,555 43,730 57,555 43,730


Cash and cash equivalents 25,015 22,003 25,015 - 22,003
Short term investments - - - - -
Receivables, net 2,546 2,975 2,546 - 2,975
Inventories, net 29,520 18,471 29,520 - 18,471
Prepayments and deferred charges 473 281 473 - 281
Others - - - - -

Non-current assets 157,880 159,028 157,880 159,028


Long term receivables, net - - - - -
Long term investments, net 5,227 19,748 5,227 - 19,748
Property, plant and equipment, net 134,928 123,587 134,928 - 123,587
Intangible assets - - - - -
Other assets 17,724 15,693 17,724 - 15,693

Total assets 215,434 202,759 215,434 202,759

Liabilities and equity

Current liabilities 7,835 6,812 7,835 6,812


Trade and non-trade payables 7,795 6,778 7,795 - 6,778
Others 39 33 39 - 33

Non-current liabilities - - - -
Notes payable - - - - -
Mortgage payable - - - - -
Bonds payable - - - - -
Loans and advances payable - - - - -
Contract payable - - - - -
Deferred credits - - - - -
Others - - - - -

Total liabilities 7,835 6,812 7,835 6,812

Equity 207,600 195,947 207,600 - 195,947

Total liabilities and equity 215,434 202,759 215,434 202,759


Difference between totals and sums of components is due to rounding off.

47
PROVINCE OF IFUGAO
Summary Balance Sheet
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL BANAUE IFUGAO

2015 2014 2015 2014 2015 2014

Assets

Current assets 6,405 14,360 - 2,943 - 7,147 - 3,462 - 7,213


Cash and cash equivalents 5,002 12,623 2,758 - 6,838 2,244 - 5,786
Short term investments - - - - - - - -
Receivables, net 966 1,061 132 - 100 834 - 961
Inventories, net 384 376 - - - 384 - 376
Prepayments and deferred charges 53 300 53 - 209 - - 91
Others - - - - - - - -

Non-current assets 31,330 - 22,775 - 16,035 - 10,530 - 15,295 14, 467 12,245
Long term receivables, net - - - - - - - -
Long term investments, net - - - - - - - -
Property, plant and equipment, net 31,217 22,662 16,035 - 10,530 15,182 14, 467 12,132
Intangible assets - - - - - - - -
Other assets 113 113 - - - 113 - 113

Total assets 37,735 - 37,135 - 18,978 - 17,677 - 18,757 14, 467 19,458

Liabilities and equity

Current liabilities 3,981 - 2,338 - 1,854 - 552 - 2,128 - 1,785


Trade and non-trade payables 3,705 2,061 1,854 - 552 1,851 - 1,509
Others 277 277 - - - 277 - 277

Non-current liabilities 7,665 - 9,032 - - - - - 7,665 - 9,032


Notes payable - - - - - - - -
Mortgage payable - - - - - - - -
Bonds payable - - - - - - - -
Loans and advances payable 7,665 8,782 - - - 7,665 - 8,782
Contract payable - - - - - - - -
Deferred credits - - - - - - - -
Others - 250 - - - - - 250

Total liabilities 11,646 - 11,369 - 1,854 - 552 - 9,793 - 10,817

Equity 26,089 25,765 17,124 - 17,124 8,965 - 8,641


Total liabilities and equity 37,735 - 37,135 - 18,978 - 17,677 - 18,757 - 19,458
Difference between totals and sums of components is due to rounding off.

48
CITY OF CORDILLERA ADMINISTRATIVE REGION
Summary Balance Sheet
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL BAGUIO

2015 2014 2015 2014

Assets
Current assets 219,886 - 169,614 - 219,886 - 169,614
Cash and cash equivalents 34,992 27,799 34,992 - 27,799
Short term investments 98,930 53,124 98,930 - 53,124
Receivables, net 43,113 46,950 43,113 - 46,950
Inventories, net 36,833 34,451 36,833 - 34,451
Prepayments and deferred charges 3,040 3,788 3,040 - 3,788
Others 2,978 3,502 2,978 - 3,502

Non-current assets 1,165,024 - 1,184,849 - 1,165,024 - 1,184,849


Long term receivables, net - - - - -
Long term investments, net - - - - -
Property, plant and equipment, net 1,163,745 1,180,465 1,163,745 - 1,180,465
Intangible assets - - - - -
Other assets 1,278 4,384 1,278 - 4,384
Total assets 1,384,909 - 1,354,463 - 1,384,909 - 1,354,463

Liabilities and equity


Current liabilities 63,505 - 64,518 - 63,505 - 64,518
Trade and non-trade payables 45,743 45,657 45,743 - 45,657
Others 17,762 18,862 17,762 - 18,862
Non-current liabilities 473,730 - 556,753 - 473,730 - 556,753
Notes payable - - - - -
Mortgage payable - - - - -
Bonds payable - - - - -
Loans and advances payable 469,675 554,397 469,675 - 554,397
Contract payable - - - - -
Deferred credits 4,055 2,355 4,055 - 2,355
Others - - - - -

Total liabilities 537,235 - 621,271 - 537,235 - 621,271


Equity 847,675 733,192 847,675 - 733,192
Total liabilities and equity 1,384,909 - 1,354,463 - 1,384,909 - 1,354,463
Difference between totals and sums of components is due to rounding off.

49
PROVINCE OF ABRA
Summary Income Statement
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL BUCAY DOLORES LANGANGILANG METRO BANGUED SAN JUAN

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 76,701 - 71,377 5,174 - 2,785 4,697 - 2,905 - 2,971 - 2,720 - 61,357 - 60,377 - 2,503 - 2,590

Business and service income 72,417 69,708 3,647 2,755 - 3,257 2,905 - 2,964 2,719 - 60,047 - 58,739 - 2,502 - 2,589
Gains and premiums 1,185 1,453 - - - - - - 6 - - 1,180 - 1,453 - - - -
Others 3,098 217 1,526 29 - 1,440 - - 1 1 - 130 - 186 - 1 - 1

Expenses 58,333 - 51,657 3,893 - 2,402 3,055 - 2,744 - 2,881 - 2,891 - 46,440 - 41,623 - 2,064 - 1,997

Personnel services 27,022 23,671 1,772 829 - 1,555 1,458 - 1,405 1,334 - 21,431 - 19,177 - 858 - 873
Maintenance and other operating expenses 29,850 26,098 1,767 1,573 - 1,263 1,061 - 1,455 1,532 - 24,159 - 20,808 - 1,206 - 1,124
Financial expenses 1,462 1,888 354 - - 236 225 - 21 25 - 850 - 1,638 - - - -
Others - - - - - - - - - - - - - - - - - - - -

Net income (loss) before subsidy 18,368 - 19,720 1,281 - 383 1,642 - 161 - 90 - (171) - 14,917 - 18,754 - 439 - 593

Add: Subsidy - - - - - - - - - - - - -

Net income (loss) before tax 18,368 - 19,720 1,281 - 383 1,642 - 161 - 90 - (171) - 14,917 - 18,754 - 439 - 593

Income tax expense - - - - - - - - - - - -

Net income (loss) after tax 18,368 - 19,720 1,281 - 383 1,642 - 161 - 90 - (171) - 14,917 - 18,754 - 439 - 593
Difference between totals and sums of components is due to rounding off.

50
PROVINCE OF BENGUET
Summary Income Statement
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL LA TRINIDAD

2015 2014 2015 2014

Income 76,609 - 74,531 - 76,609 - 74,531

Business and service income 76,495 74,285 76,495 - 74,285


Gains and premiums - - - - -
Others 114 246 114 - 246

Expenses 60,927 - 58,290 - 60,927 - 58,290

Personnel services 14,166 14,086 14,166 - 14,086


Maintenance and other operating expenses 46,761 44,199 46,761 - 44,199
Financial expenses - 5 - - 5
Others - - - -

Net income (loss) before subsidy 15,681 - 16,241 - 15,681 - 16,241

Add: Subsidy - - - - -

Net income (loss) before tax 15,681 - 16,241 - 15,681 - 16,241

Income tax expense - - - - -

Net income (loss) after tax 15,681 - 16,241 - 15,681 - 16,241


Difference between totals and sums of components is due to rounding off.

51
PROVINCE OF IFUGAO
Summary Income Statement
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL IFUGAO

2015 2014 2015 2014

Income 4,814 4,834 - 4,814 - 4,834

Business and service income 4,807 4,808 - 4,807 - 4,808


Gains and premiums - - - - - -
Others 7 26 - 7 - 26

Expenses 4,477 5,214 - 4,477 - 5,214

Personnel services 2,249 2,099 - 2,249 - 2,099


Maintenance and other operating expenses 1,369 1,812 - 1,369 - 1,812
Financial expenses 858 1,303 - 858 - 1,303
Others - - - -

Net income (loss) before subsidy 337 (380) - 337 - (380)

Add: Subsidy - - - -

Net income (loss) before tax 337 (380) - 337 - (380)

Income tax expense - - - -

Net income (loss) after tax 337 - (380) - 337 - (380)


Difference between totals and sums of components is due to rounding off.

52
CITY OF CORDILLERA ADMINISTRATIVE REGION
Summary Income Statement
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL BAGUIO

2015 2014 2015 2014

Income 529,522 - 505,844 - 529,522 841 505,844

Business and service income 522,769 500,819 522,769 - 500,819


Gains and premiums - 841 - 841 841
Others 6,753 4,184 6,753 - 4,184

Expenses 413,691 - 404,758 - 413,691 - 404,758

Personnel services 132,600 111,763 132,600 - 111,763


Maintenance and other operating expenses 245,982 251,017 245,982 - 251,017
Financial expenses 29,268 41,978 29,268 - 41,978
Others 5,841 - 5,841 -

Net income (loss) before subsidy 115,831 - 101,086 - 115,831 841 101,086

Add: Subsidy - - - -

Net income (loss) before tax 115,831 - 101,086 - 115,831 841 101,086

Income tax expense - - - -

Net income (loss) after tax 115,831 - 101,086 - 115,831 841 101,086
Difference between totals and sums of components is due to rounding off.

53
PROVINCE OF ABRA
Summary Statement of Changes in Equity
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)
TOTAL BUCAY DOLORES LANGANGILANG METRO BANGUED SAN JUAN
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 15,269 15,269 - - - - - - - - 12,569 12, 569 12,569 - 2,700 - 2,700 - - - -
Additions (Deductions) 4,146 4,142 48 44 44 - 4,098 4, 098 4,098 - - - - - - - - - - - -

Government equity, end of period 19,415 - 19,410 - 48 44 44 - 4,098 4, 098 4,098 - 12,569 12, 569 12,569 - 2,700 - 2,700 - - - -

Donated capital, beginning of period - 4,098 - - - - - - 4,098 - - - - - - - - - - - -


Additions (Deductions) - (4,098) - - - - - ( 4, 098) (4,098) - - - - - - - - - - - -

Donated capital, end of period - - - - - - - - - ( 4, 098) - - - - - - - - - - - - -

Reserved/Restricted capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Reserved/Restricted capital, end of period - - - - - - - - - - - - - - - - - - - - - - -

Retained earnings, beginning of period 122,507 116,237 306 ( 121) (121) - (277) ( 439) (439) - (1,923) ( 1, 752) (1,752) - 122,895 117, 635 117,635 - 1,506 913 913
Additions (Deductions) 17,826 6,226 1,041 - 383 - 1,642 - 161 - 90 - (171) - 14,614 - 5,260 - 439 - 593

Retained earnings, end of period 140,332 - 122,463 - 1,346 ( 121) 262 - 1,365 ( 439) (277) - (1,834) ( 1, 752) (1,923) - 137,510 117, 635 122,895 - 1,945 913 1,506

Total equity 159,747 - 141,873 - 1,394 ( 77) 306 - 5,463 ( 439) 3,821 - 10,736 10, 817 10,646 - 140,209 117, 635 125,595 - 1,945 913 1,506
Difference between totals and sums of components is due to rounding off.

54
PROVINCE OF BENGUET
Summary Statement of Changes in Equity
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)
TOTAL LA TRINIDAD
2015 2014 2015 2014

Government equity, beginning of the period 8,400 8,400 8,400 - 8,400


Additions (Deductions) - - - - -

Government equity, end of period 8,400 - 8,400 - 8,400 - 8,400

Donated capital, beginning of period - - - - -


Additions (Deductions) - - - - -

Donated capital, end of period - - - - - - -

Reserved/Restricted capital, beginning of period - - - -


Additions (Deductions) - - - -

Reserved/Restricted capital, end of period - - - - - - -

Retained earnings, beginning of period 187,547 171,905 187,547 171, 905 171,905
Additions (Deductions) 11,653 15,642 11,653 - 15,642

Retained earnings, end of period 199,200 - 187,547 - 199,200 171, 905 187,547

Total equity 207,600 - 195,947 - 207,600 171, 905 195,947


Difference between totals and sums of components is due to rounding off.

55
PROVINCE OF IFUGAO
Summary Statement of Changes in Equity
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)
TOTAL BANAUE IFUGAO
2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 23,334 15,334 17,125 9, 125 9,125 - 6,210 6, 210 6,210
Additions (Deductions) - 8,000 - 8, 000 8,000 - - - -

Government equity, end of period 23,334 - 23,334 17,125 17, 125 17,125 - 6,210 6, 210 6,210

Donated capital, beginning of period - - - - - - - - -


Additions (Deductions) - - - - - - - - -

Donated capital, end of period - - - - - - - - - -

Reserved/Restricted capital, beginning of period - - - - - - - - -


Additions (Deductions) - - - - - - - - -

Reserved/Restricted capital, end of period - - - - - - - - - -

Retained earnings, beginning of period 2,431 2,811 - ( 0) - - 2,431 2, 811 2,811


Additions (Deductions) 324 (380) - - - - 324 - (380)

Retained earnings, end of period 2,755 - 2,431 - ( 0) - - 2,755 2, 811 2,431

Total equity 26,089 - 25,766 17,125 17, 124 17,125 - 8,965 9, 021 8,641
Difference between totals and sums of components is due to rounding off.

56
CITY OF CORDILLERA ADMINSTRATIVE REGION
Summary Statement of Changes in Equity
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)
TOTAL BAGUIO WD
2015 2014 2015 2014

Government equity, beginning of the period 235,073 234,673 235,073 - 234,673


Additions (Deductions) 1,258 400 1,258 400 400

Government equity, end of period 236,331 - 235,073 - 236,331 400 235,073

Donated capital, beginning of period - - - - -


Additions (Deductions) - - - - -

Donated capital, end of period - - - - - - -

Reserved/Restricted capital, beginning of period - - - - -


Additions (Deductions) - - - - -

Reserved/Restricted capital, end of period - - - - - - -

Retained earnings, beginning of period 498,119 399,773 498,119 399, 773 399,773
Additions (Deductions) 113,225 98,346 113,225 - 98,346

Retained earnings, end of period 611,344 - 498,119 - 611,344 399, 773 498,119

Total equity 847,675 - 733,192 - 847,675 400, 173 733,192


Difference between totals and sums of components is due to rounding off.

57
PROVINCE OF ABRA
Summary Cash Flow Statement
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL BUCAY DOLORES LANGANGILANG METRO BANGUED SAN JUAN

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 72,096 70,719 3,708 2,849 3,236 3,242 2,734 2,925 59,787 59,115 2,632 2,589
Cash outflows 50,395 47,276 3,229 2,748 2,691 2,714 2,498 2,512 39,913 37,305 2,064 1,997

Net cash provided by (used in) operating activities 21,700 23,444 479 101 545 527 236 413 19,873 21,810 568 592

Cash flows from investing activities


Cash inflows 1 2 - 1 - - - - - - 1 1
Cash outflows 2,312 9,413 1,517 934 67 115 254 254 475 7,210 - 900

Net cash provided by (used in) investing activities (2,311) (9,411) (1,517) (933) (67) (115) (254) (254) (475) (7,210) 1 (899)

Cash flows from financing activities


Cash inflows 2,941 - 1,501 - 1,440 - - - - - - -
Cash outflows 4,130 3,887 410 311 879 367 91 85 2,749 3,125 - -

Net cash provided by (used in) financing activities (1,189) (3,887) 1,091 (311) 561 (367) (91) (85) (2,749) (3,125) - -

Net increase (decrease) in cash and cash equivalents 18,200 10,145 53 (1,143) 1,039 46 (109) 74 16,649 11,476 569 (307)

Cash and cash equivalents, beginning of period 52,861 42,716 455 1,598 279 233 454 380 49,758 38,282 1,915 2,222

Cash and cash equivalents, end of period 71,061 52,861 508 455 1,317 279 344 454 66,408 49,758 2,484 1,915
Difference between totals and sums of components is due to rounding off.

58
PROVINCE OF BENGUET
Summary Cash Flow Statement
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL LA TRINIDAD

2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 78,203 83,871 78,203 83,871
Cash outflows 72,306 63,691 72,306 63,691

Net cash provided by (used in) operating activities 5,896 - 20,179 - 5,896 - 20,179

Cash flows from investing activities


Cash inflows 18,418 2,399 18,418 - 2,399
Cash outflows 21,303 30,428 21,303 - 30,428

Net cash provided by (used in) investing activities (2,884) - (28,029) - (2,884) - (28,029)

Cash flows from financing activities


Cash inflows - - - - -
Cash outflows - - - - -

Net cash provided by (used in) financing activities - - - - - - -

Net increase (decrease) in cash and cash equivalents 3,012 - (7,850) - 3,012 - (7,850)

Cash and cash equivalents, beginning of period 22,003 29,853 22,003 29, 853 29,853

Cash and cash equivalents, end of period 25,015 - 22,003 - 25,015 29, 853 22,003
Difference between totals and sums of components is due to rounding off.

59
PROVINCE OF IFUGAO
Summary Cash Flow Statement
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL BANAUE IFUGAO

2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 5,762 5,936 - - - - 5,762 - 5,936
Cash outflows 4,062 3,932 290 - 87 - 3,772 - 3,845

Net cash provided by (used in) operating activities 1,700 - 2,005 (290) - (87) - 1,990 - 2,091

Cash flows from investing activities


Cash inflows 107 151 - - - - 107 - 151
Cash outflows 7,662 3,302 3,790 - 1,163 - 3,873 - 2,139

Net cash provided by (used in) investing activities (7,556) - (3,151) (3,790) - (1,163) - (3,766) - (1,987)

Cash flows from financing activities


Cash inflows - 8,000 - - 8,000 - - - -
Cash outflows 1,766 2,004 - - - - 1,766 - 2,004

Net cash provided by (used in) financing activities (1,766) - 5,996 - - 8,000 - (1,766) - (2,004)

Net increase (decrease) in cash and cash equivalents (7,622) - 4,850 (4,080) - 6,750 - (3,542) - (1,900)

Cash and cash equivalents, beginning of period 12,623 7,773 6,838 88 88 - 5,786 7, 686 7,686

Cash and cash equivalents, end of period 5,002 - 12,623 2,758 88 6,838 - 2,244 7, 686 5,786
Difference between totals and sums of components is due to rounding off.

60
CITY OF CORDILLERA ADMINISTRATIVE REGION
Summary Cash Flow Statement
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL BAGUIO

2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 543,332 508,211 543,332 - 508,211
Cash outflows 348,298 332,012 348,298 - 332,012

Net cash provided by (used in) operating activities 195,034 - 176,199 - 195,034 - 176,199

Cash flows from investing activities


Cash inflows 6,104 18,102 6,104 - 18,102
Cash outflows 80,042 47,569 80,042 - 47,569

Net cash provided by (used in) investing activities (73,938) - (29,467) - (73,938) - (29,467)

Cash flows from financing activities


Cash inflows 17,140 - 17,140 - -
Cash outflows 131,043 140,200 131,043 - 140,200

Net cash provided by (used in) financing activities (113,903) - (140,200) - (113,903) - (140,200)

Net increase (decrease) in cash and cash equivalents 7,193 - 6,532 - 7,193 - 6,532

Cash and cash equivalents, beginning of period 27,799 21,267 27,799 21, 267 21,267

Cash and cash equivalents, end of period 34,992 - 27,799 - 34,992 21, 267 27,799
Difference between totals and sums of components is due to rounding off.

61
REGION
Ilocos Region
1

Ilocos Norte
Dingras
Nueva Era
Pagudpud
San Nicolas
Sarrat
Cities
Alaminos
Batac
Candon
Ilocos Sur Dagupan
Narvacan Ilocos Norte
Santa Metro San Fernando
Santa Lucia Metro Vigan
Sinait San carlos
Tagudin Urdaneta

La Union
Balaoan
Naguilian Pangasinan
Rosario Alcala Mapandan
Asingan Metro Tayug
Balungao Pozorrubio
Bani Rosales
Basista San Manuel
Bayambang San Nicolas
Binalonan San Quintin
Binmaley Santa Maria
Bugallon Santo Tomas
Lingayen Umingan
Manaoag Urbiztondo
Mangaldan Villasis
REGION I - ILOCOS REGION
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL ILOCOS NORTE ILOCOS SUR LA UNION PANGASINAN CITIES

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets
Current assets 772,882 - 601,043 - 19,568 - 12,334 - 8,936 - 9,721 - 28,254 - 15,441 - 342,320 259,853 - 373,804 - 303,694
Cash and cash equivalents 503,501 355,893 10,959 5,839 1,561 2,448 20,892 8,293 230,024 170,355 240,065 168,958
Short term investments - - - - - - - - - - - -
Receivables, net 146,870 138,647 6,181 4,606 5,467 5,274 5,512 5,366 64,816 55,881 64,894 67,520
Inventories, net 103,106 87,799 1,752 1,424 1,876 1,967 1,796 1,728 39,842 26,899 57,840 55,781
Prepayments and deferred charges 16,687 17,073 676 465 32 32 24 24 4,950 5,117 11,005 11,435
Others 2,718 1,631 - - - - 30 30 2,688 1,601 - -

Non-current assets 2,900,639 - 2,861,531 - 82,364 - 78,747 - 103,315 - 101,743 - 53,912 - 41,575 - 1,179,617 - 1,114,392 - 1,481,431 - 1,525,074
Long term receivables, net - - - - - - - - - - - -
Long term investments, net 18,274 17,340 - - - - - - 7,552 7,539 10,722 9,801
Property, plant and equipment, net 2,663,846 2,651,956 81,870 78,463 103,315 101,743 53,853 41,457 1,094,685 1,032,246 1,330,123 1,398,047
Intangible assets 2,018 2,385 - - - - - - 2,018 2,385 - -
Other assets 216,501 189,850 494 284 - - 59 118 75,362 72,222 140,586 117,226
Total assets 3,673,521 - 3,462,574 - 101,932 - 91,081 - 112,251 - 111,464 - 82,166 - 57,016 - 1,521,937 - 1,374,245 - 1,855,235 - 1,828,768

Liabilities and equity


Current liabilities 187,624 - 168,956 - 20,645 - 17,334 - 14,742 - 31,147 - 7,261 - 5,302 - 97,586 - 80,113 - 47,390 - 35,060
Trade and non-trade payables 112,604 102,610 7,660 6,794 8,317 24,707 7,261 5,302 45,778 33,954 43,588 31,853
Others 75,020 66,346 12,985 10,540 6,425 6,440 - - 51,808 46,159 3,802 3,207
Non-current liabilities 1,219,195 - 1,215,887 - 42,627 - 39,526 - 99,254 - 67,598 - 32,773 - 17,335 - 307,589 - 310,351 - 736,952 - 781,077
Notes payable - - - - - - - - - - - -
Mortgage payable - - - - - - - - - - - -
Bonds payable - - - - - - - - - - - -
Loans and advances payable 1,096,077 1,099,565 34,738 37,842 99,229 67,573 32,773 17,335 268,207 271,747 661,130 705,068
Contract payable - - - - - - - - - - - -
Deferred credits 123,117 116,322 7,889 1,684 25 25 - - 39,381 38,604 75,822 76,009
Others 1 - - - - - - - 1 - - -

Total liabilities 1,406,819 - 1,384,843 - 63,272 - 56,860 - 113,996 - 98,745 - 40,034 - 22,637 - 405,175 - 390,464 - 784,342 - 816,137
Equity 2,266,702 2,077,731 38,660 34,221 (1,745) 12,719 42,132 34,379 1,116,762 983,781 1,070,893 1,012,631
Total liabilities and equity 3,673,521 - 3,462,574 - 101,932 - 91,081 - 112,251 - 111,464 - 82,166 - 57,016 - 1,521,937 - 1,374,245 - 1,855,235 - 1,828,768
Difference between totals and sums of components is due to rounding off.

63
REGION I - ILOCOS REGION
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL ILOCOS NORTE ILOCOS SUR LA UNION PANGASINAN CITIES

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 1,259,548 1,175,867 37,441 32,781 21,833 20,832 31,204 29,420 523,280 472,402 645,790 620,432

Business and service income 1,234,458 1,161,248 37,404 32,749 21,774 20,760 31,179 29,408 513,708 461,246 630,393 617,085
Gains and premiums 203 129 - - - - - - - - 203 129
Others 24,887 14,490 37 32 59 72 25 12 9,572 11,156 15,194 3,218

Expenses 974,245 950,685 32,932 31,443 22,075 21,416 23,836 23,455 387,601 365,458 507,801 508,913

Personnel services 369,169 360,634 13,462 12,972 10,613 9,541 11,661 10,720 173,415 158,685 160,018 168,716
Maintenance and other operating expenses 540,028 508,154 16,509 15,463 9,703 10,537 11,420 11,823 192,738 178,750 309,658 291,581
Financial expenses 46,115 57,721 2,961 3,008 1,759 1,338 755 912 16,167 22,723 24,473 29,740
Others 18,933 24,176 - - - - - - 5,281 5,300 13,652 18,876

Net income (loss) before subsidy 285,303 225,182 4,509 1,338 (242) (584) 7,368 5,965 135,679 106,944 137,989 111,519

Add: Subsidy - 812 - - - - - - - 812 - -

Net income (loss) before tax 285,303 225,994 4,509 1,338 (242) (584) 7,368 5,965 135,679 107,756 137,989 111,519

Income tax expense - - - - - - - - - - - -

Net income (loss) after tax 285,303 225,994 4,509 1,338 (242) (584) 7,368 5,965 135,679 107,756 137,989 111,519
Difference between totals and sums of components is due to rounding off.

64
REGION I - ILOCOS REGION
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL ILOCOS NORTE ILOCOS SUR LA UNION PANGASINAN CITIES

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 468,969 470,895 18,538 17,985 397 (1,639) 3,118 7,958 354,309 354,309 92,607 92,282
Additions (Deductions) 20,559 (1,926) 344 553 (6,164) 2,036 3,250 (4,840) 22,101 - 1,028 325

Government equity, end of period 489,528 - 468,969 - 18,882 - 18,538 - (5,767) - 397 - 6,368 - 3,118 - 376,410 - 354,309 - 93,635 - 92,607

Donated capital, beginning of period 167,719 163,905 19,969 19,901 - - - - 57,373 55,333 90,377 88,671
Additions (Deductions) 3,906 3,814 184 68 - - - - (1,140) 2,040 4,862 1,706

Donated capital, end of period 171,625 - 167,719 - 20,153 - 19,969 - - - - - - - - - 56,233 - 57,373 - 95,239 - 90,377

Appraisal capital, beginning of period - 57 - 57 - - - - - - - -


Additions (Deductions) - (57) - (57) - - - - - - - -

Appraisal capital, end of period - - - - - - - - - - - - - - - - - - - - - - -

Retained earnings, beginning of period 1,441,043 1,235,047 (4,286) (3,969) 12,322 37,195 31,261 25,567 572,099 468,222 829,647 708,032
Additions (Deductions) 164,506 205,996 3,911 (317) (8,300) (24,873) 4,503 5,694 112,020 103,877 52,372 121,615

Retained earnings, end of period 1,605,549 - 1,441,043 - (375) - (4,286) - 4,022 - 12,322 - 35,764 - 31,261 - 684,119 - 572,099 - 882,019 - 829,647

Total equity 2,266,702 - 2,077,731 - 38,660 - 34,221 - (1,745) - 12,719 - 42,132 - 34,379 - 1,116,762 - 983,781 - 1,070,893 - 1,012,631
Difference between totals and sums of components is due to rounding off.

65
REGION I - ILOCOS REGION
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
TOTAL ILOCOS NORTE ILOCOS SUR LA UNION PANGASINAN CITIES
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 1,327,558 1,224,294 43,915 32,532 21,696 20,893 49,026 31,960 545,585 502,245 667,336 636,664
Cash outflows 970,313 934,237 26,988 26,523 20,865 19,478 27,128 24,039 415,155 380,820 480,177 483,377

Net cash provided by (used in) operating activities 357,245 290,057 16,927 6,009 831 1,415 21,898 7,921 130,430 121,425 187,159 153,287

Cash flows from investing activities


Cash inflows 4,523 3,789 75 44 - - 249 234 253 660 3,946 2,851
Cash outflows 149,209 115,925 9,907 6,792 475 1,691 7,173 1,500 59,291 33,999 72,363 71,943

Net cash provided by (used in) investing activities (144,686) (112,136) (9,832) (6,748) (475) (1,691) (6,924) (1,266) (59,038) (33,339) (68,417) (69,092)

Cash flows from financing activities


Cash inflows 18,499 4,162 - - - - - - 18,499 1,534 - 2,628
Cash outflows 83,450 101,538 1,975 1,371 1,243 123 2,375 2,179 30,222 43,028 47,635 54,837

Net cash provided by (used in) financing activities (64,951) (97,376) (1,975) (1,371) (1,243) (123) (2,375) (2,179) (11,723) (41,494) (47,635) (52,209)

Net increase (decrease) in cash and cash equivalents 147,608 80,545 5,120 (2,110) (887) (399) 12,599 4,476 59,669 46,592 71,107 31,986

Cash and cash equivalents, beginning of period 355,893 275,348 5,839 7,949 2,448 2,847 8,293 3,817 170,355 123,763 168,958 136,972

Cash and cash equivalents, end of period 503,501 355,893 10,959 5,839 1,561 2,448 20,892 8,293 230,024 170,355 240,065 168,958
Difference between totals and sums of components is due to rounding off.

66
PROVINCE OF ILOCOS NORTE
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
TOTAL DINGRAS PAGUDPUD SAN NICOLAS SARRAT

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets
Current assets 19,568 12,334 4,269 2,610 3,019 2,301 10,036 5,678 2,244 1,745
Cash and cash equivalents 10,959 5,839 863 399 2,483 1,634 7,065 3,471 548 335
Short term investments - - - - - - - - - -
Receivables, net 6,181 4,606 3,029 1,965 245 392 2,419 1,606 488 643
Inventories, net 1,752 1,424 306 175 288 272 552 601 606 376
Prepayments and deferred charges 676 465 71 71 3 3 - - 602 391
Others - - - - - - - - - -
Non-current assets 82,364 78,747 23,593 23,154 27,724 28,444 19,736 15,134 11,311 12,015
Long term receivables, net - - - - - - - - - -
Long term investments, net - - - - - - - - - -
Property, plant and equipment, net 81,870 78,463 23,593 23,154 27,724 28,444 19,736 15,134 10,817 11,731
Intangible assets - - - - - - - - - -
Other assets 494 284 - - - - - - 494 284
Total assets 101,932 91,081 27,862 25,764 30,743 30,745 29,772 20,812 13,555 13,760

Liabilities and equity


Current liabilities 20,645 17,334 1,979 1,699 689 82 294 313 17,683 15,240
Trade and non-trade payables 7,660 6,794 715 509 689 82 294 313 5,962 5,890
Others 12,985 10,540 1,264 1,190 - - - - 11,721 9,350
Non-current liabilities 42,627 39,526 16,025 17,309 13,200 14,400 7,194 992 6,208 6,825
Notes payable - - - - - - - - - -
Mortgage payable - - - - - - - - - -
Bonds payable - - - - - - - - - -
Loans and advances payable 34,738 37,842 15,381 16,665 13,200 14,400 - - 6,157 6,777
Contract payable - - - - - - - - - -
Deferred credits 7,889 1,684 644 644 - - 7,194 992 51 48
Others - - - - - - - - - -
Total liabilities 63,272 56,860 18,004 19,008 13,889 14,482 7,488 1,305 23,891 22,065
Equity 38,660 34,221 9,858 6,756 16,854 16,263 22,284 19,507 (10,336) (8,305)
Total liabilities and equity 101,932 91,081 27,862 25,764 30,743 30,745 29,772 20,812 13,555 13,760
Difference between totals and sums of components is due to rounding off.

67
PROVINCE OF ILOCOS SUR
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
TOTAL NARVACAN SANTA SANTA LUCIA SINAIT TAGUDIN

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets
Current assets 8,936 9,721 3,324 3,960 166 251 1,975 1,649 479 889 2,992 2,972
Cash and cash equivalents 1,561 2,448 805 1,650 22 32 501 249 116 370 117 147
Short term investments - - - - - - - - - - - -
Receivables, net 5,467 5,274 1,342 1,175 105 146 1,354 1,280 112 169 2,554 2,504
Inventories, net 1,876 1,967 1,177 1,135 39 73 103 103 251 350 306 306
Prepayments and deferred charges 32 32 - - - - 17 17 - - 15 15
Others - - - - - - - - - - - -
Non-current assets 103,315 101,743 64,729 65,276 1,146 1,062 10,124 10,557 14,970 11,959 12,346 12,889
Long term receivables, net - - - - - - - - - - - -
Long term investments, net - - - - - - - - - - - -
Property, plant and equipment, net 103,315 101,743 64,729 65,276 1,146 1,062 10,124 10,557 14,970 11,959 12,346 12,889
Intangible assets - - - - - - - - - - - -
Other assets - - - - - - - - - - - -
Total assets 112,251 111,464 68,053 69,236 1,312 1,313 12,099 12,206 15,449 12,848 15,338 15,861

Liabilities and equity


Current liabilities 14,742 31,147 8,485 8,530 798 793 828 811 35 903 4,596 20,110
Trade and non-trade payables 8,317 24,707 4,457 4,457 781 793 486 464 35 903 2,558 18,090
Others 6,425 6,440 4,028 4,073 17 - 342 347 - - 2,038 2,020
Non-current liabilities 99,254 67,598 54,366 42,142 4,966 4,966 9,598 9,598 13,824 10,394 16,500 498
Notes payable - - - - - - - - - - - -
Mortgage payable - - - - - - - - - - - -
Bonds payable - - - - - - - - - - - -
Loans and advances payable 99,229 67,573 54,366 42,142 4,966 4,966 9,573 9,573 13,824 10,394 16,500 498
Contract payable - - - - - - - - - - - -
Deferred credits 25 25 - - - - 25 25 - - - -
Others - - - - - - - - - - - -
Total liabilities 113,996 98,745 62,851 50,672 5,764 5,759 10,426 10,409 13,859 11,297 21,096 20,608
Equity (1,745) 12,719 5,202 18,564 (4,452) (4,446) 1,673 1,797 1,590 1,551 (5,758) (4,747)
Total liabilities and equity 112,251 111,464 68,053 69,236 1,312 1,313 12,099 12,206 15,449 12,848 15,338 15,861
Difference between totals and sums of components is due to rounding off.

68
PROVINCE OF LA UNION
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
TOTAL BALAOAN NAGUILIAN ROSARIO

2015 2014 2015 2014 2015 2014 2015 2014

Assets

Current assets 28,254 15,441 8,322 2,101 15,298 9,254 4,634 4,086
Cash and cash equivalents 20,892 8,293 7,228 955 12,956 7,112 708 226
Short term investments - - - - - - - -
Receivables, net 5,512 5,366 893 850 1,320 1,301 3,299 3,215
Inventories, net 1,796 1,728 189 284 992 811 615 633
Prepayments and deferred charges 24 24 12 12 - - 12 12
Others 30 30 - - 30 30 - -
Non-current assets 53,912 41,575 17,133 9,012 29,435 29,059 7,344 3,504
Long term receivables, net - - - - - - - -
Long term investments, net - - - - - - - -
Property, plant and equipment, net 53,853 41,457 17,074 8,953 29,435 29,059 7,344 3,445
Intangible assets - - - - - - - -
Other assets 59 118 59 59 - - - 59
Total assets 82,166 57,016 25,455 11,113 44,733 38,313 11,978 7,590

Liabilities and equity


Current liabilities 7,261 5,302 1,702 1,312 1,751 532 3,808 3,458
Trade and non-trade payables 7,261 5,302 1,702 1,312 1,751 532 3,808 3,458
Others - - - - - - - -
Non-current liabilities 32,773 17,335 19,265 8,665 4,289 3,876 9,219 4,794
Notes payable - - - - - - - -
Mortgage payable - - - - - - - -
Bonds payable - - - - - - - -
Loans and advances payable 32,773 17,335 19,265 8,665 4,289 3,876 9,219 4,794
Contract payable - - - - - - - -
Deferred credits - - - - - - - -
Others - - - - - - - -
Total liabilities 40,034 22,637 20,967 9,977 6,040 4,408 13,027 8,252
Equity 42,132 34,379 4,488 1,136 38,693 33,905 (1,049) (662)
Total liabilities and equity 82,166 57,016 25,455 11,113 44,733 38,313 11,978 7,590
Difference between totals and sums of components is due to rounding off.

69
PROVINCE OF PANGASINAN
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
TOTAL ALCALA ASINGAN BALUNGAO BANI BASISTA

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets
Current assets 342,320 259,853 7,862 4,771 27,116 18,828 5,491 4,057 12,938 7,782 3,033 2,382
Cash and cash equivalents 230,024 170,355 4,202 2,131 23,538 16,040 1,201 2,171 7,606 2,316 2,467 1,732
Short term investments - - - - - - - - - - - -
Receivables, net 64,816 55,881 2,108 1,655 1,719 1,616 2,652 712 3,216 3,587 271 267
Inventories, net 39,842 26,899 1,335 866 1,859 1,172 341 289 1,706 1,287 295 383
Prepayments and deferred charges 4,950 5,117 217 119 - - - 885 - 182 - -
Others 2,688 1,601 - - - - 1,297 - 410 410 - -
Non-current assets 1,179,617 1,114,392 46,073 41,092 37,642 37,921 24,439 25,159 20,312 20,159 9,881 9,283
Long term receivables, net - - - - - - - - - - - -
Long term investments, net 7,552 7,539 - - - - - - 1,052 1,039 - -
Property, plant and equipment, net 1,094,685 1,032,246 46,073 41,092 37,642 37,921 23,953 24,679 19,260 18,527 9,881 9,283
Intangible assets 2,018 2,385 - - - - 486 - - - - -
Other assets 75,362 72,222 - - - - - 480 - 593 - -
Total assets 1,521,937 1,374,245 53,935 45,863 64,758 56,749 29,930 29,216 33,250 27,941 12,914 11,665

Liabilities and equity


Current liabilities 97,586 80,113 271 444 510 442 2,221 2,698 3,535 3,527 69 76
Trade and non-trade payables 45,778 33,954 265 164 - - 2,221 2,698 251 266 69 76
Others 51,808 46,159 6 280 510 442 - - 3,284 3,261 - -
Non-current liabilities 307,589 310,351 11,530 13,249 21,652 22,554 9,877 10,819 2,359 2,377 2,119 2,722
Notes payable - - - - - - - - - - - -
Mortgage payable - - - - - - - - - - - -
Bonds payable - - - - - - - - - - - -
Loans and advances payable 268,207 271,747 11,614 13,316 21,652 22,554 9,184 10,210 2,305 2,331 2,071 2,674
Contract payable - - - - - - - - - - - -
Deferred credits 39,381 38,604 (84) (67) - - 693 609 54 46 48 48
Others 1 - - - - - - - - - - -
Total liabilities 405,175 390,464 11,801 13,693 22,162 22,996 12,098 13,517 5,894 5,904 2,188 2,798
Equity 1,116,762 983,781 42,134 32,170 42,596 33,753 17,832 15,699 27,356 22,037 10,726 8,867
Total liabilities and equity 1,521,937 1,374,245 53,935 45,863 64,758 56,749 29,930 29,216 33,250 27,941 12,914 11,665
Difference between totals and sums of components is due to rounding off.

70
PROVINCE OF PANGASINAN
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
BAYAMBANG BINALONAN BINMALEY BUGALLON LINGAYEN MANAOAG

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets
Current assets 13,037 7,525 13,211 10,068 23,980 14,219 5,245 4,741 9,758 8,679 22,888 13,496
Cash and cash equivalents 4,501 1,518 7,691 4,880 17,108 8,036 1,043 1,758 4,482 3,388 11,438 4,792
Short term investments - - - - - - - - - - - -
Receivables, net 4,612 3,574 4,342 4,313 4,312 3,759 2,440 1,966 3,183 3,198 5,102 4,840
Inventories, net 3,896 2,403 971 761 2,227 1,885 1,762 1,017 71 71 6,128 3,639
Prepayments and deferred charges 28 30 207 114 333 539 - - 2,022 2,022 220 225
Others - - - - - - - - - - - -
Non-current assets 70,709 67,117 53,440 36,319 251,616 251,527 40,102 38,561 37,985 38,764 70,279 70,487
Long term receivables, net - - - - - - - - - - - -
Long term investments, net - - - - - - - - - - - -
Property, plant and equipment, net 69,105 64,660 53,440 36,319 242,045 243,289 40,102 38,561 37,985 38,739 57,187 56,749
Intangible assets 1,532 2,385 - - - - - - - - - -
Other assets 72 72 - - 9,571 8,238 - - - 25 13,092 13,738
Total assets 83,746 74,642 66,651 46,387 275,596 265,746 45,347 43,302 47,743 47,443 93,167 83,983

Liabilities and equity


Current liabilities 12,917 10,464 2,045 1,036 2,626 3,046 462 454 10,747 6,091 7,198 5,717
Trade and non-trade payables 12,917 10,464 2,045 1,036 2,626 3,046 462 454 10,747 6,091 2,405 -
Others - - - - - - - - - - 4,793 5,717
Non-current liabilities 13,787 15,670 19,185 6,517 16,938 18,138 31,308 32,974 27,858 23,876 12,387 13,921
Notes payable - - - - - - - - - - - -
Mortgage payable - - - - - - - - - - - -
Bonds payable - - - - - - - - - - - -
Loans and advances payable 13,787 15,670 19,096 6,428 11,914 13,747 31,307 32,974 27,293 23,311 12,387 13,921
Contract payable - - - - - - - - - - - -
Deferred credits - - 89 89 5,024 4,391 - - 565 565 - -
Others - - - - - - 1 - - - - -
Total liabilities 26,704 26,134 21,230 7,553 19,564 21,184 31,770 33,428 38,605 29,967 19,585 19,638
Equity 57,042 48,508 45,421 38,834 256,032 244,562 13,577 9,874 9,138 17,476 73,582 64,345
Total liabilities and equity 83,746 74,642 66,651 46,387 275,596 265,746 45,347 43,302 47,743 47,443 93,167 83,983
Difference between totals and sums of components is due to rounding off.

71
PROVINCE OF PANGASINAN
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
MANGALDAN MAPANDAN METRO TAYUG POZORRUBIO ROSALES SAN MANUEL

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets
Current assets 41,069 31,080 11,052 10,715 17,901 12,482 35,973 28,751 38,756 34,055 2,682 1,890
Cash and cash equivalents 36,957 28,201 9,814 9,404 12,400 8,053 32,464 25,842 28,266 26,488 772 182
Short term investments - - - - - - - - - - - -
Receivables, net 2,362 1,133 370 556 3,098 2,725 2,224 1,843 4,343 3,635 886 857
Inventories, net 1,239 990 868 755 2,358 1,657 1,285 1,066 4,445 3,158 949 807
Prepayments and deferred charges 100 103 - - 45 47 - - 1,702 774 5 6
Others 411 653 - - - - - - - - 70 38
Non-current assets 54,789 51,020 71,036 65,316 27,606 26,087 41,187 40,655 98,137 85,579 22,364 20,390
Long term receivables, net - - - - - - - - - - - -
Long term investments, net - - - - - - - - 6,500 6,500 - -
Property, plant and equipment, net 47,990 44,769 54,123 49,420 22,829 21,314 41,187 40,655 80,531 69,404 21,671 19,903
Intangible assets - - - - - - - - - - - -
Other assets 6,799 6,251 16,913 15,896 4,777 4,773 - - 11,106 9,675 693 487
Total assets 95,858 82,100 82,088 76,031 45,507 38,569 77,160 69,406 136,893 119,634 25,046 22,280

Liabilities and equity


Current liabilities 4,618 4,197 1,687 1,044 261 434 2,341 2,129 5,994 3,302 1,345 904
Trade and non-trade payables - - - - 261 434 - - 5,389 2,835 - -
Others 4,618 4,197 1,687 1,044 - - 2,341 2,129 605 467 1,345 904
Non-current liabilities 2,051 2,958 21,748 22,451 7,516 8,066 14,910 18,631 6,320 7,487 5,554 6,275
Notes payable - - - - - - - - - - - -
Mortgage payable - - - - - - - - - - - -
Bonds payable - - - - - - - - - - - -
Loans and advances payable 2,051 2,958 21,710 22,424 7,427 7,912 14,910 18,631 5,432 6,732 5,550 6,180
Contract payable - - - - - - - - - - - -
Deferred credits - - 38 27 89 154 - - 888 755 4 95
Others - - - - - - - - - - - -
Total liabilities 6,669 7,155 23,435 23,495 7,777 8,500 17,251 20,760 12,314 10,789 6,899 7,179
Equity 89,189 74,945 58,653 52,536 37,730 30,069 59,909 48,646 124,579 108,845 18,147 15,101
Total liabilities and equity 95,858 82,100 82,088 76,031 45,507 38,569 77,160 69,406 136,893 119,634 25,046 22,280
Difference between totals and sums of components is due to rounding off.

72
PROVINCE OF PANGASINAN
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
SAN NICOLAS SAN QUINTIN SANTA MARIA SANTO TOMAS UMINGAN URBIZTONDO

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets
Current assets 5,805 4,226 4,268 2,821 11,324 10,037 3,967 2,540 4,492 5,215 7,397 7,027
Cash and cash equivalents 3,720 2,828 2,606 1,179 8,254 7,665 1,735 961 2,630 3,287 78 50
Short term investments - - - - - - - - - - - -
Receivables, net 1,310 730 581 610 1,835 1,784 1,498 1,255 989 879 7,231 6,708
Inventories, net 723 616 581 532 1,235 588 734 324 854 1,030 88 269
Prepayments and deferred charges 52 52 - - - - - - 19 19 - -
Others - - 500 500 - - - - - - - -
Non-current assets 38,550 37,443 29,680 29,142 44,949 40,026 12,673 12,935 27,986 24,867 8,691 9,030
Long term receivables, net - - - - - - - - - - - -
Long term investments, net - - - - - - - - - - - -
Property, plant and equipment, net 36,866 36,176 28,780 28,250 43,173 38,751 12,673 12,935 27,986 24,708 8,691 9,030
Intangible assets - - - - - - - - - - - -
Other assets 1,684 1,267 900 892 1,776 1,275 - - - 159 - -
Total assets 44,355 41,669 33,948 31,963 56,273 50,063 16,640 15,475 32,478 30,082 16,088 16,057

Liabilities and equity


Current liabilities 1,161 1,636 550 239 2,672 2,046 192 13 2,613 2,765 31,384 27,148
Trade and non-trade payables 989 1,464 550 239 204 130 - - 2,290 2,375 2,087 2,182
Others 172 172 - - 2,468 1,916 192 13 323 390 29,297 24,966
Non-current liabilities 20,447 21,202 14,584 15,824 7,864 9,133 1,662 - 17,352 17,742 17,903 17,143
Notes payable - - - - - - - - - - - -
Mortgage payable - - - - - - - - - - - -
Bonds payable - - - - - - - - - - - -
Loans and advances payable - 766 14,456 15,699 7,789 9,069 1,662 - 6,707 7,097 17,903 17,143
Contract payable - - - - - - - - - - - -
Deferred credits 20,447 20,436 128 125 75 64 - - 10,645 10,645 - -
Others - - - - - - - - - - - -
Total liabilities 21,608 22,838 15,134 16,063 10,536 11,179 1,854 13 19,965 20,507 49,287 44,291
Equity 22,747 18,831 18,814 15,900 45,737 38,884 14,786 15,462 12,513 9,575 (33,199) (28,234)
Total liabilities and equity 44,355 41,669 33,948 31,963 56,273 50,063 16,640 15,475 32,478 30,082 16,088 16,057
Difference between totals and sums of components is due to rounding off.

73
PROVINCE OF PANGASINAN
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
VILLASIS

2015 2014

Assets
Current assets 13,075 12,466
Cash and cash equivalents 5,051 7,453
Short term investments - -
Receivables, net 4,132 3,679
Inventories, net 3,892 1,334
Prepayments and deferred charges - -
Others - -
Non-current assets 39,491 35,513
Long term receivables, net - -
Long term investments, net - -
Property, plant and equipment, net 31,512 27,112
Intangible assets - -
Other assets 7,979 8,401
Total assets 52,566 47,979

Liabilities and equity


Current liabilities 167 261
Trade and non-trade payables - -
Others 167 261
Non-current liabilities 678 622
Notes payable - -
Mortgage payable - -
Bonds payable - -
Loans and advances payable - -
Contract payable - -
Deferred credits 678 622
Others - -
Total liabilities 845 883
Equity 51,721 47,096
Total liabilities and equity 52,566 47,979
Difference between totals and sums of components is due to rounding off.

74
CITIES OF REGION I - ILOCOS REGION
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
TOTAL ALAMINOS BATAC CANDON DAGUPAN ILOCOS NORTE

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets
Current assets 373,804 303,694 52,580 29,284 3,327 3,683 6,029 3,243 143,093 114,998 65,694 53,385
Cash and cash equivalents 240,065 168,958 36,166 15,842 908 1,758 2,350 634 99,615 73,183 51,700 40,720
Short term investments - - - - - - - - - - - -
Receivables, net 64,894 67,520 4,803 4,841 1,198 1,254 3,208 1,349 14,010 13,390 8,447 7,639
Inventories, net 57,840 55,781 9,101 5,869 1,221 671 456 1,244 24,607 23,610 5,547 5,026
Prepayments and deferred charges 11,005 11,435 2,510 2,732 - - 15 16 4,861 4,815 - -
Others - - - - - - - - - - - -
Non-current assets 1,481,431 1,525,074 165,597 159,498 15,751 16,823 146,033 238,324 307,661 301,998 205,570 197,502
Long term receivables, net - - - - - - - - - - - -
Long term investments, net 10,722 9,801 - - - - - - 6 6 106 106
Property, plant and equipment, net 1,330,123 1,398,047 158,922 156,524 15,751 16,823 146,033 238,324 262,320 272,366 145,284 137,555
Intangible assets - - - - - - - - - - - -
Other assets 140,586 117,226 6,675 2,974 - - - - 45,335 29,626 60,180 59,841
Total assets 1,855,235 1,828,768 218,177 188,782 19,078 20,506 152,062 241,567 450,754 416,996 271,264 250,887

Liabilities and equity


Current liabilities 47,390 35,060 13,916 9,997 824 551 253 413 14,629 12,779 11,175 1,772
Trade and non-trade payables 43,588 31,853 10,186 6,851 824 531 253 413 14,629 12,779 11,103 1,731
Others 3,802 3,207 3,730 3,146 - 20 - - - - 72 41
Non-current liabilities 736,952 781,077 562 608 10,960 13,021 237,579 239,631 134,042 142,254 52,286 69,057
Notes payable - - - - - - - - - - - -
Mortgage payable - - - - - - - - - - - -
Bonds payable - - - - - - - - - - - -
Loans and advances payable 661,130 705,068 - - 10,930 12,993 237,579 239,631 127,158 135,510 48,939 65,921
Contract payable - - - - - - - - - - - -
Deferred credits 75,822 76,009 562 608 30 28 - - 6,884 6,744 3,347 3,136
Others - - - - - - - - - - - -
Total liabilities 784,342 816,137 14,478 10,605 11,784 13,572 237,832 240,044 148,671 155,033 63,461 70,829
Equity 1,070,893 1,012,631 203,699 178,177 7,294 6,934 (85,770) 1,523 302,083 261,963 207,803 180,058
Total liabilities and equity 1,855,235 1,828,768 218,177 188,782 19,078 20,506 152,062 241,567 450,754 416,996 271,264 250,887
Difference between totals and sums of components is due to rounding off.

75
CITIES OF REGION I - ILOCOS REGION
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
METRO SAN FERNANDO METRO VIGAN SAN CARLOS URDANETA

2015 2014 2015 2014 2015 2014 2015 2014

Assets
Current assets 33,919 32,989 16,188 14,939 6,890 18,512 46,084 32,661
Cash and cash equivalents 16,885 13,296 8,019 7,002 4,791 6,762 19,631 9,761
Short term investments - - - - - - - -
Receivables, net 10,806 12,599 2,102 2,346 1,921 9,139 18,399 14,963
Inventories, net 5,600 6,131 5,501 5,038 178 2,576 5,629 5,616
Prepayments and deferred charges 628 963 566 553 - 35 2,425 2,321
Others - - - - - - - -
Non-current assets 173,706 167,902 158,715 139,953 90,331 88,734 218,067 214,340
Long term receivables, net - - - - - - - -
Long term investments, net 9,533 8,735 - - 1,070 947 7 7
Property, plant and equipment, net 154,964 151,986 158,715 139,953 89,261 87,787 198,873 196,729
Intangible assets - - - - - - - -
Other assets 9,209 7,181 - - - - 19,187 17,604
Total assets 207,625 200,891 174,903 154,892 97,221 107,246 264,151 247,001

Liabilities and equity


Current liabilities 3,488 3,444 1,116 445 (268) 4,355 2,257 1,304
Trade and non-trade payables 3,488 3,444 1,116 445 (268) 4,355 2,257 1,304
Others - - - - - - - -
Non-current liabilities 128,246 130,606 3,339 3,423 28,011 36,645 141,927 145,832
Notes payable - - - - - - - -
Mortgage payable - - - - - - - -
Bonds payable - - - - - - - -
Loans and advances payable 67,394 69,968 - 185 27,886 35,453 141,244 145,407
Contract payable - - - - - - - -
Deferred credits 60,852 60,638 3,339 3,238 125 1,192 683 425
Others - - - - - - - -
Total liabilities 131,734 134,050 4,455 3,868 27,743 41,000 144,184 147,136
Equity 75,891 66,841 170,448 151,024 69,478 66,246 119,967 99,865
Total liabilities and equity 207,625 200,891 174,903 154,892 97,221 107,246 264,151 247,001
Difference between totals and sums of components is due to rounding off.

76
PROVINCE OF ILOCOS NORTE
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL DINGRAS PAGUDPUD SAN NICOLAS SARRAT

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 37,441 32,781 11,654 11,654 3,254 2,388 18,192 15,106 4,341 3,633

Business and service income 37,404 32,749 11,653 11,653 3,251 2,385 18,173 15,089 4,327 3,622
Gains and premiums - - - - - - - - - -
Others 37 32 1 1 3 3 19 17 14 11

Expenses 32,932 31,443 8,885 8,596 2,664 2,412 15,433 14,856 5,950 5,579

Personnel services 13,462 12,972 3,565 3,683 1,094 912 7,241 6,953 1,562 1,424
Maintenance and other operating expenses 16,509 15,463 4,745 4,222 1,570 1,500 8,192 7,903 2,002 1,838
Financial expenses 2,961 3,008 575 691 - - - - 2,386 2,317
Others - - - - - - - - - -

Net income (loss) before subsidy 4,509 1,338 2,769 3,058 590 (24) 2,759 250 (1,609) (1,946)

Add: Subsidy - - - - - - - - - -

Net income (loss) before tax 4,509 1,338 2,769 3,058 590 (24) 2,759 250 (1,609) (1,946)

Income tax expense - - - - - - - - - -

Net income (loss) after tax 4,509 1,338 2,769 3,058 590 (24) 2,759 250 (1,609) (1,946)
Difference between totals and sums of components is due to rounding off.

77
PROVINCE OF ILOCOS SUR
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL NARVACAN SANTA SANTA LUCIA SINAIT TAGUDIN

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 21,833 20,832 9,404 8,158 1,589 1,474 3,019 2,797 2,780 2,767 5,041 5,636

Business and service income 21,774 20,760 9,345 8,086 1,589 1,474 3,019 2,797 2,780 2,767 5,041 5,636
Gains and premiums - - - - - - - - - - - -
Others 59 72 59 72 - - - - - - - -

Expenses 22,075 21,416 8,491 7,576 1,775 2,366 3,150 3,110 2,607 2,528 6,052 5,836

Personnel services 10,613 9,541 3,587 2,981 1,438 1,359 1,640 1,616 1,540 1,289 2,408 2,296
Maintenance and other operating expenses 9,703 10,537 4,291 3,876 335 1,004 1,409 1,382 1,067 1,239 2,601 3,036
Financial expenses 1,759 1,338 613 719 2 3 101 112 - - 1,043 504
Others - - - - - - - - - - - -

Net income (loss) before subsidy (242) (584) 913 582 (186) (892) (131) (313) 173 239 (1,011) (200)

Add: Subsidy - - - - - - - - - - - -

Net income (loss) before tax (242) (584) 913 582 (186) (892) (131) (313) 173 239 (1,011) (200)

Income tax expense - - - - - - - - - - - -

Net income (loss) after tax (242) (584) 913 582 (186) (892) (131) (313) 173 239 (1,011) (200)
Difference between totals and sums of components is due to rounding off.

78
PROVINCE OF LA UNION
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL BALAOAN NAGUILIAN ROSARIO

2015 2014 2015 2014 2015 2014 2015 2014

Income 31,204 29,420 8,305 7,779 19,759 18,442 3,140 3,199

Business and service income 31,179 29,408 8,304 7,778 19,738 18,431 3,137 3,199
Gains and premiums - - - - - - - -
Others 25 12 1 1 21 11 3 -

Expenses 23,836 23,455 7,227 7,282 13,096 12,189 3,513 3,984

Personnel services 11,661 10,720 3,746 3,525 5,689 4,911 2,226 2,284
Maintenance and other operating expenses 11,420 11,823 3,131 3,354 7,002 6,771 1,287 1,698
Financial expenses 755 912 350 403 405 507 - 2
Others - - - - - - - -

Net income (loss) before subsidy 7,368 5,965 1,078 497 6,663 6,253 (373) (785)

Add: Subsidy - - - - - - - -

Net income (loss) before tax 7,368 5,965 1,078 497 6,663 6,253 (373) (785)

Income tax expense - - - - - - - -

Net income (loss) after tax 7,368 5,965 1,078 497 6,663 6,253 (373) (785)
Difference between totals and sums of components is due to rounding off.

79
PROVINCE OF PANGASINAN
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL ALCALA ASINGAN BALUNGAO BANI BASISTA

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 523,280 472,402 20,570 15,772 23,339 21,027 11,436 10,371 11,120 12,239 8,393 7,745

Business and service income 513,708 461,246 20,559 15,689 21,771 19,717 11,436 10,371 11,116 12,233 8,393 7,745
Gains and premiums - - - - - - - - - - - -
Others 9,572 11,156 11 83 1,568 1,310 - - 4 6 - -

Expenses 387,601 365,458 13,163 11,482 13,954 14,023 7,054 7,377 12,620 12,149 6,536 6,225

Personnel services 173,415 158,685 5,543 4,617 6,214 5,600 3,209 3,306 6,243 5,864 3,868 3,557
Maintenance and other operating expenses 192,738 178,750 6,448 5,183 5,891 5,513 3,844 3,102 6,159 5,943 2,484 2,439
Financial expenses 16,167 22,723 1,172 - 1,849 2,910 - 969 218 342 184 229
Others 5,281 5,300 - 1,682 - - 1 - - - - -

Net income (loss) before subsidy 135,679 106,944 7,407 4,290 9,385 7,004 4,382 2,994 (1,500) 90 1,857 1,520

Add: Subsidy - 812 - 5 - (2,966) - - - - - -

Net income (loss) before tax 135,679 107,756 7,407 4,295 9,385 4,038 4,382 2,994 (1,500) 90 1,857 1,520

Income tax expense - - - - - - - - - - - -

Net income (loss) after tax 135,679 107,756 7,407 4,295 9,385 4,038 4,382 2,994 (1,500) 90 1,857 1,520
Difference between totals and sums of components is due to rounding off.

80
PROVINCE OF PANGASINAN
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

BAYAMBANG BINALONAN BINMALEY BUGALLON LINGAYEN MANAOAG

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 44,341 40,686 23,333 21,389 52,854 49,021 18,310 16,302 5,637 2,181 40,224 36,452

Business and service income 44,305 40,655 23,184 21,389 52,395 48,704 18,310 16,302 5,637 - 40,177 34,906
Gains and premiums - - - - - - - - - - - -
Others 36 31 149 - 459 317 - - - 2,181 47 1,546

Expenses 33,271 35,656 16,450 15,324 40,573 38,898 14,607 13,885 4,772 4,663 29,341 29,333

Personnel services 12,084 11,674 7,154 6,379 16,534 15,026 5,767 5,538 3,161 2,831 14,585 14,212
Maintenance and other operating expenses 19,893 21,438 8,051 8,354 22,935 21,472 6,676 5,208 1,611 1,832 13,154 13,258
Financial expenses 1,294 2,544 1,245 591 1,104 2,400 2,164 3,139 - - 1,602 1,863
Others - - - - - - - - - - - -

Net income (loss) before subsidy 11,070 5,030 6,883 6,065 12,281 10,123 3,703 2,417 865 (2,482) 10,883 7,119

Add: Subsidy - - - 86 - - - - - 3,375 - -

Net income (loss) before tax 11,070 5,030 6,883 6,151 12,281 10,123 3,703 2,417 865 893 10,883 7,119

Income tax expense - - - - - - - - - - - -

Net income (loss) after tax 11,070 5,030 6,883 6,151 12,281 10,123 3,703 2,417 865 893 10,883 7,119
Difference between totals and sums of components is due to rounding off.

81
PROVINCE OF PANGASINAN
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

MANGALDAN MAPANDAN METRO TAYUG POZORRUBIO ROSALES SAN MANUEL

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 49,349 47,248 21,538 19,268 18,807 17,399 28,651 25,739 43,617 41,571 12,921 11,458

Business and service income 47,419 45,436 20,135 18,464 18,789 17,399 27,472 24,688 43,239 41,571 11,803 11,228
Gains and premiums - - - - - - - - - - - -
Others 1,930 1,812 1,403 804 18 - 1,179 1,051 378 - 1,118 230

Expenses 36,002 34,861 15,421 14,534 11,558 10,889 17,626 16,348 27,909 25,614 9,748 9,382

Personnel services 17,519 17,276 5,238 4,601 5,151 4,557 7,750 6,144 13,180 11,323 6,001 5,721
Maintenance and other operating expenses 18,271 17,169 8,435 7,288 5,762 5,453 9,436 9,608 14,662 14,211 3,283 3,079
Financial expenses 212 416 1,748 2,645 645 879 440 596 67 80 464 582
Others - - - - - - - - - - - -

Net income (loss) before subsidy 13,347 12,387 6,117 4,734 7,249 6,510 11,025 9,391 15,708 15,957 3,173 2,076

Add: Subsidy - - - - - (69) - - - - - -

Net income (loss) before tax 13,347 12,387 6,117 4,734 7,249 6,441 11,025 9,391 15,708 15,957 3,173 2,076

Income tax expense - - - - - - - - - - - -

Net income (loss) after tax 13,347 12,387 6,117 4,734 7,249 6,441 11,025 9,391 15,708 15,957 3,173 2,076
Difference between totals and sums of components is due to rounding off.

82
PROVINCE OF PANGASINAN
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

SAN NICOLAS SAN QUINTIN SANTA MARIA SANTO TOMAS UMINGAN URBIZTONDO

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 14,597 12,606 9,257 7,895 18,348 15,975 3,822 2,828 11,983 10,070 4,969 4,760

Business and service income 14,217 12,606 9,257 7,895 18,348 15,975 2,992 1,965 11,983 10,070 4,969 4,760
Gains and premiums - - - - - - - - - - - -
Others 380 - - - - - 830 863 - - - -

Expenses 11,220 11,192 6,339 6,347 11,495 10,612 7,863 1,692 8,861 8,004 9,946 8,398

Personnel services 5,435 5,077 3,811 3,856 5,363 4,935 1,463 1,034 2,717 2,095 2,623 2,706
Maintenance and other operating expenses 5,654 5,749 2,024 1,821 5,675 5,077 6,399 653 5,478 5,012 2,045 2,074
Financial expenses 131 366 504 670 457 600 1 5 666 897 - -
Others - - - - - - - - - - 5,278 3,618

Net income (loss) before subsidy 3,377 1,414 2,918 1,548 6,853 5,363 (4,041) 1,136 3,122 2,066 (4,977) (3,638)

Add: Subsidy - 351 - 30 - - - - - - - -

Net income (loss) before tax 3,377 1,765 2,918 1,578 6,853 5,363 (4,041) 1,136 3,122 2,066 (4,977) (3,638)

Income tax expense - - - - - - - - - - - -

Net income (loss) after tax 3,377 1,765 2,918 1,578 6,853 5,363 (4,041) 1,136 3,122 2,066 (4,977) (3,638)
Difference between totals and sums of components is due to rounding off.

83
PROVINCE OF PANGASINAN
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

VILLASIS

2015 2014

Income 25,864 22,400

Business and service income 25,802 21,478


Gains and premiums - -
Others 62 922

Expenses 21,272 18,570

Personnel services 12,802 10,756


Maintenance and other operating expenses 8,468 7,814
Financial expenses - -
Others 2 -

Net income (loss) before subsidy 4,592 3,830

Add: Subsidy - -

Net income (loss) before tax 4,592 3,830

Income tax expense - -

Net income (loss) after tax 4,592 3,830


Difference between totals and sums of components is due to rounding off.

84
CITIES OF REGION I - ILOCOS REGION
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL ALAMINOS BATAC CANDON DAGUPAN ILOCOS NORTE

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 645,790 620,432 89,825 69,740 9,141 10,668 22,537 19,735 171,048 161,709 121,593 114,420

Business and service income 630,393 617,085 89,735 69,686 9,140 10,667 22,537 19,735 169,960 160,920 120,976 113,515
Gains and premiums 203 129 - - - - - - - - 203 129
Others 15,194 3,218 90 54 1 1 - - 1,088 789 414 776

Expenses 507,801 508,913 62,150 61,500 10,105 9,831 29,185 19,552 131,893 125,412 97,013 92,889

Personnel services 160,018 168,716 21,281 14,972 3,730 3,238 4,268 4,197 51,245 41,836 27,371 26,552
Maintenance and other operating expenses 309,658 291,581 40,869 46,528 5,507 5,428 24,917 15,354 69,687 68,897 65,315 61,427
Financial expenses 24,473 29,740 - - 868 1,165 - 1 10,961 14,679 4,327 4,910
Others 13,652 18,876 - - - - - - - - - -

Net income (loss) before subsidy 137,989 111,519 27,675 8,240 (964) 837 (6,648) 183 39,155 36,297 24,580 21,531

Add: Subsidy - - - - - - - - - - - -

Net income (loss) before tax 137,989 111,519 27,675 8,240 (964) 837 (6,648) 183 39,155 36,297 24,580 21,531
-

Income tax expense - - - - - - - - - - - -

Net income (loss) after tax 137,989 111,519 27,675 8,240 (964) 837 (6,648) 183 39,155 36,297 24,580 21,531
Difference between totals and sums of components is due to rounding off.

85
CITIES OF REGION I - ILOCOS REGION
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

METRO SAN FERNANDO METRO VIGAN SAN CARLOS URDANETA

2015 2014 2015 2014 2015 2014 2015 2014

Income 68,902 62,162 68,633 60,632 16,155 49,043 77,956 72,323

Business and service income 68,007 61,355 68,171 60,305 3,911 48,579 77,956 72,323
Gains and premiums - - - - - - - -
Others 895 807 462 327 12,244 464 - -

Expenses 59,344 57,274 49,120 47,552 11,333 37,804 57,658 57,099

Personnel services 17,907 18,558 14,182 12,358 - 28,502 20,034 18,503


Maintenance and other operating expenses 35,716 32,207 34,937 32,746 8,738 6,941 23,972 22,053
Financial expenses 5,721 6,509 1 115 2,595 2,361 - -
Others - - - 2,333 - - 13,652 16,543

Net income (loss) before subsidy 9,558 4,888 19,513 13,080 4,822 11,239 20,298 15,224

Add: Subsidy - - - - - - - -

Net income (loss) before tax 9,558 4,888 19,513 13,080 4,822 11,239 20,298 15,224

Income tax expense - - - - - - - -

Net income (loss) after tax 9,558 4,888 19,513 13,080 4,822 11,239 20,298 15,224
Difference between totals and sums of components is due to rounding off.

86
PROVINCE OF ILOCOS NORTE
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
TOTAL DINGRAS PAGUDPUD SAN NICOLAS SARRAT
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 18,538 17,985 341 296 607 370 17,263 17,019 327 300
Additions (Deductions) 344 553 - 45 325 237 - 244 19 27

Government equity, end of period 18,882 18,538 341 341 932 607 17,263 17,263 346 327

Donated capital, beginning of period 19,969 19,901 3,722 3,722 15,090 15,090 - - 1,157 1,089
Additions (Deductions) 184 68 - - - - - - 184 68

Donated capital, end of period 20,153 19,969 3,722 3,722 15,090 15,090 - - 1,341 1,157

Appraisal capital, beginning of period - 57 - 45 - - - 1 - 11


Additions (Deductions) - (57) - (45) - - - (1) - (11)

Appraisal capital, end of period - - - - - - - - - -

Retained earnings, beginning of period (4,286) (3,969) 2,693 1,053 566 827 2,244 1,993 (9,789) (7,842)
Additions (Deductions) 3,911 (317) 3,102 1,640 266 (261) 2,777 251 (2,234) (1,947)

Retained earnings, end of period (375) (4,286) 5,795 2,693 832 566 5,021 2,244 (12,023) (9,789)

Total equity 38,660 34,221 9,858 6,756 16,854 16,263 22,284 19,507 (10,336) (8,305)
Difference between totals and sums of components is due to rounding off.

87
PROVINCE OF ILOCOS SUR
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
TOTAL NARVACAN SANTA SANTA LUCIA SINAIT TAGUDIN
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 397 (1,639) 80 80 (3,237) (2,414) 2,748 1,450 1,294 284 (488) (1,039)
Additions (Deductions) (6,164) 2,036 - - (1,210) (823) (952) 1,298 257 1,010 (4,259) 551

Government equity, end of period (5,767) 397 80 80 (4,447) (3,237) 1,796 2,748 1,551 1,294 (4,747) (488)

Donated capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Donated capital, end of period - - - - - - - - - - - -

Appraisal capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Appraisal capital, end of period - - - - - - - - - - - -

Retained earnings, beginning of period 12,322 37,195 18,484 35,159 (1,209) (823) (951) 1,298 257 1,010 (4,259) 551
Additions (Deductions) (8,300) (24,873) (13,362) (16,675) 1,204 (386) 828 (2,249) (218) (753) 3,248 (4,810)

Retained earnings, end of period 4,022 12,322 5,122 18,484 (5) (1,209) (123) (951) 39 257 (1,011) (4,259)

Total equity (1,745) 12,719 5,202 18,564 (4,452) (4,446) 1,673 1,797 1,590 1,551 (5,758) (4,747)
Difference between totals and sums of components is due to rounding off.

88
PROVINCE OF LA UNION
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
TOTAL BALAOAN NAGUILIAN ROSARIO
2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 3,118 7,958 158 4,998 507 507 2,453 2,453
Additions (Deductions) 3,250 (4,840) 3,250 (4,840) - - - -

Government equity, end of period 6,368 3,118 3,408 158 507 507 2,453 2,453

Donated capital, beginning of period - - - - - - - -


Additions (Deductions) - - - - - - - -

Donated capital, end of period - - - - - - - -

Appraisal capital, beginning of period - - - - - - - -


Additions (Deductions) - - - - - - - -

Appraisal capital, end of period - - - - - - - -

Retained earnings, beginning of period 31,261 25,567 978 739 33,398 27,154 (3,115) (2,326)
Additions (Deductions) 4,503 5,694 102 239 4,788 6,244 (387) (789)

Retained earnings, end of period 35,764 31,261 1,080 978 38,186 33,398 (3,502) (3,115)

Total equity 42,132 34,379 4,488 1,136 38,693 33,905 (1,049) (662)
Difference between totals and sums of components is due to rounding off.

89
PROVINCE OF PANGASINAN
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
TOTAL ALCALA ASINGAN BALUNGAO BANI BASISTA
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 354,309 354,309 20,712 20,712 3,544 3,544 11,947 11,947 14,937 14,937 1,816 1,816
Additions (Deductions) 22,101 - 11,458 - - - 332 - 6,916 - - -

Government equity, end of period 376,410 354,309 32,170 20,712 3,544 3,544 12,279 11,947 21,853 14,937 1,816 1,816

Donated capital, beginning of period 57,373 55,333 20,219 19,029 - - - - - - - -


Additions (Deductions) (1,140) 2,040 2,552 1,190 - - - - - - - -

Donated capital, end of period 56,233 57,373 22,771 20,219 - - - - - - - -

Appraisal capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Appraisal capital, end of period - - - - - - - - - - - -

Retained earnings, beginning of period 572,099 468,222 (8,761) (13,056) 30,209 30,209 3,752 332 7,100 7,011 7,051 5,530
Additions (Deductions) 112,020 103,877 (4,046) 4,295 8,843 - 1,801 3,420 (1,597) 89 1,859 1,521

Retained earnings, end of period 684,119 572,099 (12,807) (8,761) 39,052 30,209 5,553 3,752 5,503 7,100 8,910 7,051

Total equity 1,116,762 983,781 42,134 32,170 42,596 33,753 17,832 15,699 27,356 22,037 10,726 8,867
Difference between totals and sums of components is due to rounding off.

90
PROVINCE OF PANGASINAN
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
BAYAMBANG BINALONAN BINMALEY BUGALLON LINGAYEN MANAOAG
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 19,037 19,037 57 57 188,853 188,853 484 484 3,164 3,164 6,822 6,822
Additions (Deductions) - - - - - - - - - - - -

Government equity, end of period 19,037 19,037 57 57 188,853 188,853 484 484 3,164 3,164 6,822 6,822

Donated capital, beginning of period - - 13,617 13,617 - - 499 499 9,148 9,148 - -
Additions (Deductions) - - - - - - - - (4,277) - - -

Donated capital, end of period - - 13,617 13,617 - - 499 499 4,871 9,148 - -

Appraisal capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Appraisal capital, end of period - - - - - - - - - - - -

Retained earnings, beginning of period 29,471 24,271 25,160 18,955 55,709 46,884 8,891 6,474 5,164 4,270 57,523 50,154
Additions (Deductions) 8,534 5,200 6,587 6,205 11,470 8,825 3,703 2,417 (4,061) 894 9,237 7,369

Retained earnings, end of period 38,005 29,471 31,747 25,160 67,179 55,709 12,594 8,891 1,103 5,164 66,760 57,523

Total equity 57,042 48,508 45,421 38,834 256,032 244,562 13,577 9,874 9,138 17,476 73,582 64,345
Difference between totals and sums of components is due to rounding off.

91
PROVINCE OF PANGASINAN
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
MANGALDAN MAPANDAN METRO TAYUG POZORRUBIO ROSALES SAN MANUEL
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period - - 19,248 19,248 7,400 7,400 4,975 4,975 4,703 4,703 4,114 4,114
Additions (Deductions) 616 - (586) - - - - - - - - -

Government equity, end of period 616 - 18,662 19,248 7,400 7,400 4,975 4,975 4,703 4,703 4,114 4,114

Donated capital, beginning of period - - (585) (1,435) - - - - 11,952 11,952 - -


Additions (Deductions) - - 585 850 - - - - - - - -

Donated capital, end of period - - - (585) - - - - 11,952 11,952 - -

Appraisal capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Appraisal capital, end of period - - - - - - - - - - - -

Retained earnings, beginning of period 74,945 62,539 33,873 29,138 22,669 16,229 43,671 34,330 92,190 76,133 10,987 9,092
Additions (Deductions) 13,628 12,406 6,118 4,735 7,661 6,440 11,263 9,341 15,734 16,057 3,046 1,895

Retained earnings, end of period 88,573 74,945 39,991 33,873 30,330 22,669 54,934 43,671 107,924 92,190 14,033 10,987

Total equity 89,189 74,945 58,653 52,536 37,730 30,069 59,909 48,646 124,579 108,845 18,147 15,101
Difference between totals and sums of components is due to rounding off.

92
PROVINCE OF PANGASINAN
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
SAN NICOLAS SAN QUINTIN SANTA MARIA SANTO TOMAS UMINGAN URBIZTONDO
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period - - 8,831 8,831 16,710 16,710 14,635 14,635 1,528 1,528 - -
Additions (Deductions) - - - - - - 3,365 - - - - -

Government equity, end of period - - 8,831 8,831 16,710 16,710 18,000 14,635 1,528 1,528 - -

Donated capital, beginning of period 1,284 1,284 - - - - - - - - 1,239 1,239


Additions (Deductions) - - - - - - - - - - - -

Donated capital, end of period 1,284 1,284 - - - - - - - - 1,239 1,239

Appraisal capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Appraisal capital, end of period - - - - - - - - - - - -

Retained earnings, beginning of period 17,547 15,757 7,069 5,442 22,174 16,812 827 (308) 8,047 5,978 (29,473) (25,836)
Additions (Deductions) 3,916 1,790 2,914 1,627 6,853 5,362 (4,041) 1,135 2,938 2,069 (4,965) (3,637)

Retained earnings, end of period 21,463 17,547 9,983 7,069 29,027 22,174 (3,214) 827 10,985 8,047 (34,438) (29,473)

Total equity 22,747 18,831 18,814 15,900 45,737 38,884 14,786 15,462 12,513 9,575 (33,199) (28,234)
Difference between totals and sums of components is due to rounding off.

93
PROVINCE OF PANGASINAN
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
VILLASIS
2015 2014

Government equity, beginning of the period 792 792


Additions (Deductions) - -

Government equity, end of period 792 792

Donated capital, beginning of period - -


Additions (Deductions) - -

Donated capital, end of period - -

Appraisal capital, beginning of period - -


Additions (Deductions) - -

Appraisal capital, end of period - -

Retained earnings, beginning of period 46,304 41,882


Additions (Deductions) 4,625 4,422

Retained earnings, end of period 50,929 46,304

Total equity 51,721 47,096


Difference between totals and sums of components is due to rounding off.

94
CITIES OF REGION I - ILOCOS REGION
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
TOTAL ALAMINOS BATAC CANDON DAGUPAN ILOCOS NORTE
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 92,607 92,282 2,803 2,803 1,981 1,656 - - 44,599 44,599 1,392 1,392
Additions (Deductions) 1,028 325 - - 252 325 776 - - - - -

Government equity, end of period 93,635 92,607 2,803 2,803 2,233 1,981 776 - 44,599 44,599 1,392 1,392

Donated capital, beginning of period 90,377 88,671 3,689 3,689 2,401 2,401 - - 13 13 1,706 -
Additions (Deductions) 4,862 1,706 - - - - - - - - 4,862 1,706

Donated capital, end of period 95,239 90,377 3,689 3,689 2,401 2,401 - - 13 13 6,568 1,706

Appraisal capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Appraisal capital, end of period - - - - - - - - - - - -

Retained earnings, beginning of period 829,647 708,032 171,685 163,490 2,552 1,724 1,523 1,263 217,351 180,825 176,960 116,759
Additions (Deductions) 52,372 121,615 25,522 8,195 108 828 (88,069) 260 40,120 36,526 22,883 60,201

Retained earnings, end of period 882,019 829,647 197,207 171,685 2,660 2,552 (86,546) 1,523 257,471 217,351 199,843 176,960

Total equity 1,070,893 1,012,631 203,699 178,177 7,294 6,934 (85,770) 1,523 302,083 261,963 207,803 180,058
Difference between totals and sums of components is due to rounding off.

95
CITIES OF REGION I - ILOCOS REGION
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
METRO SAN FERNANDO METRO VIGAN SAN CARLOS URDANETA
2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 19,672 19,672 560 560 14,733 14,733 6,867 6,867
Additions (Deductions) - - - - - - - -

Government equity, end of period 19,672 19,672 560 560 14,733 14,733 6,867 6,867

Donated capital, beginning of period 22 22 80,413 80,413 - - 2,133 2,133


Additions (Deductions) - - - - - - - -

Donated capital, end of period 22 22 80,413 80,413 - - 2,133 2,133

Appraisal capital, beginning of period - - - - - - - -


Additions (Deductions) - - - - - - - -

Appraisal capital, end of period - - - - - - - -

Retained earnings, beginning of period 47,147 71,797 70,051 57,177 51,513 39,318 90,865 75,679
Additions (Deductions) 9,050 (24,650) 19,424 12,874 3,232 12,195 20,102 15,186

Retained earnings, end of period 56,197 47,147 89,475 70,051 54,745 51,513 110,967 90,865

Total equity 75,891 66,841 170,448 151,024 69,478 66,246 119,967 99,865
Difference between totals and sums of components is due to rounding off.

96
PROVINCE OF ILOCOS NORTE
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL DINGRAS PAGUDPUD SAN NICOLAS SARRAT

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 43,915 32,532 11,352 10,328 3,388 2,583 24,145 15,449 5,030 4,172
Cash outflows 26,988 26,523 7,008 7,536 2,506 2,280 14,032 13,491 3,442 3,216

Net cash provided by (used in) operating activities 16,927 6,009 4,344 2,792 882 303 10,113 1,958 1,588 956

Cash flows from investing activities


Cash inflows 75 44 1 1 - - - - 74 43
Cash outflows 9,907 6,792 2,616 1,859 33 29 6,519 4,104 739 800

Net cash provided by (used in) investing activities (9,832) (6,748) (2,615) (1,858) (33) (29) (6,519) (4,104) (665) (757)

Cash flows from financing activities


Cash inflows - - - - - - - - - -
Cash outflows 1,975 1,371 1,265 1,190 - - - - 710 181

Net cash provided by (used in) financing activities (1,975) (1,371) (1,265) (1,190) - - - - (710) (181)

Net increase (decrease) in cash and cash equivalents 5,120 (2,110) 464 (256) 849 274 3,594 (2,146) 213 18

Cash and cash equivalents, beginning of period 5,839 7,949 399 655 1,634 1,360 3,471 5,617 335 317

Cash and cash equivalents, end of period 10,959 5,839 863 399 2,483 1,634 7,065 3,471 548 335
Difference between totals and sums of components is due to rounding off.

97
PROVINCE OF ILOCOS SUR
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL NARVACAN SANTA SANTA LUCIA SINAIT TAGUDIN

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 21,696 20,893 9,236 8,068 1,629 1,485 2,946 2,790 2,780 2,767 5,105 5,783
Cash outflows 20,865 19,478 10,081 8,481 1,593 1,489 2,589 2,534 2,607 2,403 3,995 4,571

Net cash provided by (used in) operating activities 831 1,415 (845) (413) 36 (4) 357 256 173 364 1,110 1,212

Cash flows from investing activities


Cash inflows - - - - - - - - - - - -
Cash outflows 475 1,691 - - 44 39 4 18 427 314 - 1,320

Net cash provided by (used in) investing activities (475) (1,691) - - (44) (39) (4) (18) (427) (314) - (1,320)

Cash flows from financing activities


Cash inflows - - - - - - - - - - - -
Cash outflows 1,243 123 - - 2 3 101 120 - - 1,140 -

Net cash provided by (used in) financing activities (1,243) (123) - - (2) (3) (101) (120) - - (1,140) -

Net increase (decrease) in cash and cash equivalents (887) (399) (845) (413) (10) (46) 252 118 (254) 50 (30) (108)

Cash and cash equivalents, beginning of period 2,448 2,847 1,650 2,063 32 78 249 131 370 320 147 255

Cash and cash equivalents, end of period 1,561 2,448 805 1,650 22 32 501 249 116 370 117 147
Difference between totals and sums of components is due to rounding off.

98
PROVINCE OF LA UNION
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL BALAOAN NAGUILIAN ROSARIO

2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 49,026 31,960 21,338 8,089 20,101 20,778 7,587 3,093
Cash outflows 27,128 24,039 8,150 6,328 11,873 14,468 7,105 3,243

Net cash provided by (used in) operating activities 21,898 7,921 13,188 1,761 8,228 6,310 482 (150)

Cash flows from investing activities


Cash inflows 249 234 - - 249 234 - -
Cash outflows 7,173 1,500 5,297 182 1,876 1,318 - -

Net cash provided by (used in) investing activities (6,924) (1,266) (5,297) (182) (1,627) (1,084) - -

Cash flows from financing activities


Cash inflows - - - - - - - -
Cash outflows 2,375 2,179 1,618 1,375 757 804 - -

Net cash provided by (used in) financing activities (2,375) (2,179) (1,618) (1,375) (757) (804) - -

Net increase (decrease) in cash and cash equivalents 12,599 4,476 6,273 204 5,844 4,422 482 (150)

Cash and cash equivalents, beginning of period 8,293 3,817 955 751 7,112 2,690 226 376

Cash and cash equivalents, end of period 20,892 8,293 7,228 955 12,956 7,112 708 226
Difference between totals and sums of components is due to rounding off.

99
PROVINCE OF PANGASINAN
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL ALCALA ASINGAN BALUNGAO BANI BASISTA

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 545,585 502,245 22,793 15,497 23,862 22,590 11,436 10,371 12,551 12,526 8,717 7,949
Cash outflows 415,155 380,820 14,567 8,277 16,364 17,520 10,606 6,511 11,596 11,686 5,529 5,402

Net cash provided by (used in) operating activities 130,430 121,425 8,226 7,220 7,498 5,070 830 3,860 955 840 3,188 2,547

Cash flows from investing activities


Cash inflows 253 660 - 285 - - - - 2 4 - -
Cash outflows 59,291 33,999 3,280 2,418 - - - - 1,016 1,500 1,666 587

Net cash provided by (used in) investing activities (59,038) (33,339) (3,280) (2,133) - - - - (1,014) (1,496) (1,666) (587)

Cash flows from financing activities


Cash inflows 18,499 1,534 - - - - - - 6,135 - - -
Cash outflows 30,222 43,028 2,875 4,070 - - 1,800 1,929 786 831 787 788

Net cash provided by (used in) financing activities (11,723) (41,494) (2,875) (4,070) - - (1,800) (1,929) 5,349 (831) (787) (788)

Net increase (decrease) in cash and cash equivalents 59,669 46,592 2,071 1,017 7,498 5,070 (970) 1,931 5,290 (1,487) 735 1,172

Cash and cash equivalents, beginning of period 170,355 123,763 2,131 1,114 16,040 10,970 2,171 240 2,316 3,803 1,732 560

Cash and cash equivalents, end of period 230,024 170,355 4,202 2,131 23,538 16,040 1,201 2,171 7,606 2,316 2,467 1,732
Difference between totals and sums of components is due to rounding off.

100
PROVINCE OF PANGASINAN
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

BAYAMBANG BINALONAN BINMALEY BUGALLON LINGAYEN MANAOAG

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 45,307 42,040 24,177 21,568 55,404 50,581 18,465 16,449 5,107 3,251 42,110 38,437
Cash outflows 42,324 42,981 12,979 12,983 41,316 36,341 17,016 13,174 3,855 3,730 25,217 37,549

Net cash provided by (used in) operating activities 2,983 (941) 11,198 8,585 14,088 14,240 1,449 3,275 1,252 (479) 16,893 888

Cash flows from investing activities


Cash inflows - - - - - - - - - - - -
Cash outflows - - 18,404 4,637 1,988 5,521 - - - - 7,111 -

Net cash provided by (used in) investing activities - - (18,404) (4,637) (1,988) (5,521) - - - - (7,111) -

Cash flows from financing activities


Cash inflows - 24 12,358 - - - - - - - - -
Cash outflows - - 2,341 2,326 3,028 14,939 2,164 3,385 158 - 3,136 -

Net cash provided by (used in) financing activities - 24 10,017 (2,326) (3,028) (14,939) (2,164) (3,385) (158) - (3,136) -

Net increase (decrease) in cash and cash equivalents 2,983 (917) 2,811 1,622 9,072 (6,220) (715) (110) 1,094 (479) 6,646 888

Cash and cash equivalents, beginning of period 1,518 2,435 4,880 3,258 8,036 14,256 1,758 1,868 3,388 3,867 4,792 3,904

Cash and cash equivalents, end of period 4,501 1,518 7,691 4,880 17,108 8,036 1,043 1,758 4,482 3,388 11,438 4,792
Difference between totals and sums of components is due to rounding off.

101
PROVINCE OF PANGASINAN
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

MANGALDAN MAPANDAN METRO TAYUG POZORRUBIO ROSALES SAN MANUEL

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 51,620 49,387 21,817 19,875 20,356 18,579 29,656 26,675 47,257 51,234 13,761 12,158
Cash outflows 36,754 33,543 12,377 10,732 12,432 12,666 21,689 14,366 44,342 40,557 10,880 9,916

Net cash provided by (used in) operating activities 14,866 15,844 9,440 9,143 7,924 5,913 7,967 12,309 2,915 10,677 2,881 2,242

Cash flows from investing activities


Cash inflows 6 34 - - - - - - 221 306 - -
Cash outflows 4,501 2,407 6,378 4,656 2,452 1,664 905 1,756 - - 1,197 801

Net cash provided by (used in) investing activities (4,495) (2,373) (6,378) (4,656) (2,452) (1,664) (905) (1,756) 221 306 (1,197) (801)

Cash flows from financing activities


Cash inflows - - - 1,504 - - - - - - - -
Cash outflows 1,615 1,882 2,652 3,400 1,125 1,254 440 596 1,358 1,361 1,094 1,754

Net cash provided by (used in) financing activities (1,615) (1,882) (2,652) (1,896) (1,125) (1,254) (440) (596) (1,358) (1,361) (1,094) (1,754)

Net increase (decrease) in cash and cash equivalents 8,756 11,589 410 2,591 4,347 2,995 6,622 9,957 1,778 9,622 590 (313)

Cash and cash equivalents, beginning of period 28,201 16,612 9,404 6,813 8,053 5,058 25,842 15,885 26,488 16,866 182 495

Cash and cash equivalents, end of period 36,957 28,201 9,814 9,404 12,400 8,053 32,464 25,842 28,266 26,488 772 182
Difference between totals and sums of components is due to rounding off.

102
PROVINCE OF PANGASINAN
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

SAN NICOLAS SAN QUINTIN SANTA MARIA SANTO TOMAS UMINGAN URBIZTONDO

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 15,312 13,563 10,481 8,536 18,741 16,566 3,578 2,479 12,314 10,807 5,006 4,604
Cash outflows 11,402 10,133 7,331 7,424 18,152 11,780 2,804 1,931 9,593 7,736 4,978 4,576

Net cash provided by (used in) operating activities 3,910 3,430 3,150 1,112 589 4,786 774 548 2,721 3,071 28 28

Cash flows from investing activities


Cash inflows - 2 24 24 - - - - - - - -
Cash outflows 1,903 1,768 - - - - - - 2,496 482 - -

Net cash provided by (used in) investing activities (1,903) (1,766) 24 24 - - - - (2,496) (482) - -

Cash flows from financing activities


Cash inflows - - - - - - - - 6 6 - -
Cash outflows 1,115 1,474 1,747 1,747 - - - - 888 1,292 - -

Net cash provided by (used in) financing activities (1,115) (1,474) (1,747) (1,747) - - - - (882) (1,286) - -

Net increase (decrease) in cash and cash equivalents 892 190 1,427 (611) 589 4,786 774 548 (657) 1,303 28 28

Cash and cash equivalents, beginning of period 2,828 2,638 1,179 1,790 7,665 2,879 961 413 3,287 1,984 50 22

Cash and cash equivalents, end of period 3,720 2,828 2,606 1,179 8,254 7,665 1,735 961 2,630 3,287 78 50
Difference between totals and sums of components is due to rounding off.

103
PROVINCE OF PANGASINAN
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

VILLASIS

2015 2014

Cash flows from operating activities


Cash inflows 25,757 26,523
Cash outflows 21,052 19,306

Net cash provided by (used in) operating activities 4,705 7,217

Cash flows from investing activities


Cash inflows - 5
Cash outflows 5,994 5,802

Net cash provided by (used in) investing activities (5,994) (5,797)

Cash flows from financing activities


Cash inflows - -
Cash outflows 1,113 -

Net cash provided by (used in) financing activities (1,113) -

Net increase (decrease) in cash and cash equivalents (2,402) 1,420

Cash and cash equivalents, beginning of period 7,453 6,033

Cash and cash equivalents, end of period 5,051 7,453


Difference between totals and sums of components is due to rounding off.

104
CITIES OF REGION I - ILOCOS REGION
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL ALAMINOS BATAC CANDON DAGUPAN ILOCOS NORTE

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 667,336 636,664 90,849 70,269 10,039 11,787 23,471 19,514 170,846 163,490 122,981 116,256
Cash outflows 480,177 483,377 62,310 58,258 7,860 8,223 21,755 19,272 96,897 100,347 112,001 111,008

Net cash provided by (used in) operating activities 187,159 153,287 28,539 12,011 2,179 3,564 1,716 242 73,949 63,143 10,980 5,248

Cash flows from investing activities


Cash inflows 3,946 2,851 - - - - - - 2,872 2,139 - -
Cash outflows 72,363 71,943 8,215 13,956 883 4,290 - - 31,075 20,938 - -

Net cash provided by (used in) investing activities (68,417) (69,092) (8,215) (13,956) (883) (4,290) - - (28,203) (18,799) - -

Cash flows from financing activities


Cash inflows - 2,628 - - - 2,628 - - - - - -
Cash outflows 47,635 54,837 - - 2,146 2,470 - - 19,314 21,312 - -

Net cash provided by (used in) financing activities (47,635) (52,209) - - (2,146) 158 - - (19,314) (21,312) - -

Net increase (decrease) in cash and cash equivalents 71,107 31,986 20,324 (1,945) (850) (568) 1,716 242 26,432 23,032 10,980 5,248

Cash and cash equivalents, beginning of period 168,958 136,972 15,842 17,787 1,758 2,326 634 392 73,183 50,151 40,720 35,472

Cash and cash equivalents, end of period 240,065 168,958 36,166 15,842 908 1,758 2,350 634 99,615 73,183 51,700 40,720
Difference between totals and sums of components is due to rounding off.

105
CITIES OF REGION I - ILOCOS REGION
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

METRO LA UNION METRO VIGAN SAN CARLOS URDANETA

2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 71,781 65,827 79,063 69,981 23,055 49,184 75,251 70,356
Cash outflows 56,274 54,326 59,070 52,584 25,026 43,562 38,984 35,797

Net cash provided by (used in) operating activities 15,507 11,501 19,993 17,397 (1,971) 5,622 36,267 34,559

Cash flows from investing activities


Cash inflows 74 712 - - - - 1,000 -
Cash outflows 3,709 8,634 18,789 12,602 - - 9,692 11,523

Net cash provided by (used in) investing activities (3,635) (7,922) (18,789) (12,602) - - (8,692) (11,523)

Cash flows from financing activities


Cash inflows - - - - - - - -
Cash outflows 8,283 9,104 187 2,335 - - 17,705 19,616

Net cash provided by (used in) financing activities (8,283) (9,104) (187) (2,335) - - (17,705) (19,616)

Net increase (decrease) in cash and cash equivalents 3,589 (5,525) 1,017 2,460 (1,971) 5,622 9,870 3,420

Cash and cash equivalents, beginning of period 13,296 18,821 7,002 4,542 6,762 1,140 9,761 6,341

Cash and cash equivalents, end of period 16,885 13,296 8,019 7,002 4,791 6,762 19,631 9,761
Difference between totals and sums of components is due to rounding off.

106
REGION
Cagayan Valley Region
2

CITIES
CAGAYAN Cauayan
Abulug Ilagan
Amulung Metro Tuguegarao
Aparri Santiago
Calayan
Claveria
Gattaran
Gonzaga
Lal-lo
Lasam ISABELA
Peablanca Alicia
Sanchez Mira Angadanan
Santa Ana Aurora
Santa Praxedes Benito Soliven
Cabagan
Cordon
NUEVA VIZCAYA
Gamu
Diadi
Naguilian
Ramon
Reina Mercedes
Roxas
San Guillermo
San Manuel
Tumauini
QUIRINO
Aglipay
Diffun
Maddela
REGION II - CAGAYAN VALLEY
Summary Balance Sheet
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL CAGAYAN ISABELA NUEVA VIZCAYA QUIRINO CITIES


2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets

Current assets 347,882 - 283,818 - 56,845 - 42,305 - 96,694 - 79,254 - 1,045 - 1,109 - 11,916 - 9,128 - 181,381 - 152,023
Cash and cash equivalents 184,304 137,153 38,875 26,497 41,889 32,309 65 189 2,318 1,926 101,157 76,232
Short term investments - - - - - - - - - - - -
Receivables, net 106,102 85,347 13,447 10,593 47,146 39,869 791 726 7,466 5,693 37,253 28,467
Inventories, net 54,040 57,260 3,968 4,772 7,484 6,900 13 17 1,965 1,509 40,610 44,062
Prepayments and deferred charges 3,435 4,057 555 443 175 175 176 176 167 - 2,361 3,263
Others - - - - - - - - - - - - - - - -

Non-current assets 1,602,133 - 1,516,700 - 197,263 - 165,644 - 269,732 - 260,346 - 7,467 - 7,328 - 46,595 - 47,392 - 1,081,076 - 1,035,990
Long term receivables, net - - - - - - - - - - - - - - - - -
Personnel services - - - - - - - - - - - - - - - - -
Property, plant and equipment, net 1,484,701 1,414,880 191,690 160,076 268,012 258,884 7,402 7,328 46,515 47,312 971,082 941,280
Intangible assets 6,740 3,607 204 232 40 126 - - - - - - - 6,497 3,249
Other assets 110,691 98,213 5,370 5,337 1,680 1,337 65 - 79 79 103,497 91,461

Total assets 1,950,014 - 1,800,518 - 254,108 - 207,949 - 366,426 - 339,600 - 8,511 - 8,436 - 58,511 - 56,520 - 1,262,457 - 1,188,013

Liabilities and equity

Current liabilities 280,626 - 251,519 - 105,744 - 86,215 - 77,987 - 68,974 - 3,157 - 1,692 - 19,450 - 19,490 - 74,290 - 75,148
Trade and non-trade payables 252,250 225,219 103,171 84,632 74,258 67,134 2,801 1,640 19,089 19,129 52,930 52,683
Others 28,376 26,300 2,572 1,582 3,728 1,840 355 52 361 361 21,360 22,465

Non-current liabilities 906,112 - 929,701 - 149,635 - 137,308 - 131,224 - 138,673 - 6,790 - 7,507 - 22,203 - 23,054 - 596,260 - 623,160
Notes payable - - - - - - - - - - - - - - - - -
Mortgage payable - - - - - - - - - - - - - - - - -
Bonds payable - - - - - - - - - - - - - - - - -
Loans and advances payable 878,859 906,071 145,100 133,350 129,584 137,248 6,771 7,491 22,203 23,054 575,201 604,928
Contract payable - - - - - - - - - - - - - - - - - - - -
Deferred credits 27,252 23,630 4,536 3,957 1,639 1,425 18 16 - - - 21,059 18,232
Others - - - - - - - - - - - - - - - - -

Total liabilities 1,186,738 - 1,181,220 - 255,379 - 223,522 - 209,210 - 207,647 - 9,946 - 9,199 - 41,653 - 42,544 - 670,550 - 698,308

Equity 763,276 619,298 (1,270) (15,573) 157,216 131,953 (1,435) (763) 16,858 13,976 591,907 489,705
Total liabilities and equity 1,950,014 - 1,800,518 - 254,108 - 207,949 - 366,426 - 339,600 - 8,511 - 8,436 - 58,511 - 56,520 - 1,262,457 - 1,188,013
Difference between totals and sums of components is due to rounding off.

108
REGION II - CAGAYAN VALLEY
Summary Income Statement
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL CAGAYAN ISABELA NUEVA VIZCAYA QUIRINO CITIES

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 594,172 - 530,588 - 60,684 - 50,482 - 125,141 - 108,692 - 2,035 - 2,210 - 16,145 - 15,286 - 390,166 - 353,918

Business and service income 587,441 525,760 60,240 50,266 125,125 108,109 2,035 2,210 16,144 15,286 383,896 349,889
Gains and premiums - - - - - - - - - - - -
Others 6,731 4,828 445 216 16 583 - - 1 - 6,270 4,029

Expenses 488,560 - 474,137 - 64,149 - 58,215 - 102,942 - 95,532 - 2,688 - 2,642 - 13,257 - 12,506 - 305,524 - 305,242

Personnel services 205,697 194,483 25,846 21,409 48,484 43,029 1,396 1,291 5,416 4,536 124,556 124,218
Maintenance and other operating expenses 252,775 244,630 25,472 22,249 49,775 44,689 880 875 5,806 5,665 170,842 171,152
Financial expenses 28,514 35,024 12,832 14,558 4,683 7,814 412 476 2,035 2,305 8,552 9,871
Others 1,573 - - - - - - - - - - - - - - 1,573 - -

Net income (loss) before subsidy 105,613 - 56,451 - (3,465) - (7,734) - 22,199 - 13,160 - (652) - (432) - 2,888 - 2,780 - 84,643 - 48,677

Add: Subsidy - - - - - - - - - - - -

Net income (loss) before tax 105,613 - 56,451 - (3,465) - (7,734) - 22,199 - 13,160 - (652) - (432) - 2,888 - 2,780 - 84,643 - 48,677

Income tax expense - - - - - - - - - - - -

Net income (loss) after tax 105,613 - 56,451 - (3,465) - (7,734) - 22,199 - 13,160 - (652) - (432) - 2,888 - 2,780 - 84,643 - 48,677
Difference between totals and sums of components is due to rounding off.

109
REGION II - CAGAYAN VALLEY
Summary Statement of Changes in Equity
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)
TOTAL CAGAYAN ISABELA NUEVA VIZCAYA QUIRINO CITIES
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

.
Government equity, beginning of the period 120,446 124,609 13,198 13,198 82,475 86,638 - - 250 250 24,522 24,522
Additions (Deductions) - (4,163) - - - (4,163) - - - - - -

Government equity, end of period 120,446 - 120,446 - 13,198 - 13,198 - 82,475 - 82,475 - - - - - 250 - 250 - 24,522 - 24,522

Donated capital, beginning of period 148,367 122,625 52,044 26,529 47,613 47,386 2,112 2,112 11,537 11,537 35,061 35,061
Additions (Deductions) (2,841) 895 (4,291) 668 22 227 - - - - 1,427 -

Donated capital, end of period 145,525 - 123,520 - 47,753 - 27,197 - 47,635 - 47,613 - 2,112 - 2,112 - 11,537 - 11,537 - 36,488 - 35,061

Appraisal capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Appraisal capital, end of period - - - - - - - - - - - - -

Reserved/Restricted capital, beginning of period 60,570 54,308 - - 775 775 - - - - 59,795 53,532
Additions (Deductions) 34,569 6,263 - - 28 - - - - - 34,541 6,263

Reserved/Restricted capital, end of period 95,139 - 60,570 - - - - - 803 - 775 - - - - - - - - - 94,336 - 59,795

Retained earnings, beginning of period 313,838 266,636 (56,893) (44,459) 1,090 (10,326) (2,875) (2,417) 2,189 1,339 370,327 322,499
Additions (Deductions) 88,328 48,126 (5,329) (11,510) 25,213 11,416 (672) (458) 2,883 850 66,233 47,828

Retained earnings, end of period 402,166 - 314,762 - (62,222) - (55,969) - 26,303 - 1,090 - (3,547) - (2,875) - 5,071 - 2,189 - 436,560 - 370,327

Total equity 763,276 - 619,298 - (1,270) - (15,573) - 157,216 - 131,953 - (1,435) - (763) - 16,858 - 13,976 - 591,907 - 489,705
Difference between totals and sums of components is due to rounding off.

110
REGION II - CAGAYAN VALLEY
Summary Cash Flow Statement
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL CAGAYAN ISABELA NUEVA VIZCAYA QUIRINO CITIES

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 615,942 551,678 61,979 52,919 125,571 109,281 2,008 2,225 14,741 14,789 411,644 372,463
Cash outflows 474,566 442,510 48,416 41,685 91,820 79,712 2,112 1,949 10,987 11,473 321,230 307,691

Net cash provided by (used in) operating activities 141,377 - 109,168 - 13,562 - 11,234 - 33,751 - 29,569 - (104) - 277 - 3,754 - 3,316 - 90,414 - 64,772

Cash flows from investing activities


Cash inflows 1,607 946 - - 175 439 - - - - 1,432 508
Cash outflows 58,301 52,252 6,506 5,577 18,955 11,868 321 5 688 355 31,832 34,447

Net cash provided by (used in) investing activities (56,695) - (51,306) - (6,506) - (5,577) - (18,780) - (11,429) - (321) - (5) - (688) - (355) - (30,400) - (33,940)

Cash flows from financing activities


Cash inflows 14,623 6,242 9,627 5,772 1,950 - 300 - - - 2,747 470
Cash outflows 52,591 44,616 4,741 5,651 7,341 7,878 - 180 2,673 2,048 37,835 28,859

Net cash provided by (used in) financing activities (37,967) - (38,374) - 4,886 - 121 - (5,391) - (7,878) - 300 - (180) - (2,673) - (2,048) - (35,089) - (28,389)

Net increase (decrease) in cash and cash equivalents 46,715 - 19,488 - 11,942 - 5,779 - 9,580 - 10,261 - (125) - 91 - 392 - 914 - 24,925 - 2,443

Cash and cash equivalents, beginning of period 137,589 117,666 26,933 20,718 32,309 22,048 189 98 1,926 1,012 76,232 73,789

Cash and cash equivalents, end of period 184,304 - 137,153 - 38,875 - 26,497 - 41,889 - 32,309 - 65 - 189 - 2,318 - 1,926 - 101,157 - 76,232
Difference between totals and sums of components is due to rounding off.

111
PROVINCE OF CAGAYAN
Summary Balance Sheet
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL ABULUG AMULUNG APARRI CLAVERIA GATTARAN


2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets

Current assets 56,845 42,305 1,663 - - 3,865 - 3,208 16,663 9,640 7,778 7,290 774 783
Cash and cash equivalents 38,875 26,497 350 - 967 1,181 13,491 6,819 7,239 6,663 11 21
Short term investments - - - - - - - - - - - -
Receivables, net 13,447 10,593 1,281 - 2,106 572 2,748 2,530 148 174 763 762
Inventories, net 3,968 4,772 (75) - 444 1,108 420 289 373 436 - -
Prepayments and deferred charges 555 443 107 - 348 348 5 3 17 17 - -
Others - - - - - - - - - - - -

Non-current assets 197,263 165,644 27,029 - - 9,657 - 9,393 10,515 7,125 4,526 3,486 10,652 11,389
Long term receivables, net - - - - - - - - - - - - - - - -
Long term investments, net - - - - - - - - - - - - - - - -
Property, plant and equipment, net 191,690 160,076 27,029 - 9,657 9,393 10,107 6,721 4,512 3,472 10,652 11,389
Intangible assets 204 232 - - - - 166 194 - - - -
Other assets 5,370 5,337 - - - - 243 210 14 13 - -
Total assets 254,108 207,949 28,691 - - 13,522 - 12,601 27,178 16,765 12,303 10,776 11,426 12,173

Liabilities and equity

Current liabilities 105,744 86,215 1,545 - - 973 - 1,384 472 171 1,977 1,748 24,884 22,287
Trade and non-trade payables 103,171 84,632 1,545 - 973 1,384 172 - 171 610 687 24,386 22,052
Others 2,572 1,582 - - - - 300 - - 1,367 1,060 498 235

Non-current liabilities 149,635 137,308 2,669 - - 7,671 - 7,671 16,053 6,412 623 1,096 5,557 5,627
Notes payable - - - - - - - - - - - - - - - - -
Mortgage payable - - - - - - - - - - - - - - - - -
Bonds payable - - - - - - - - - - - - - - - - -
Loans and advances payable 145,100 133,350 2,669 - 7,671 7,671 15,123 5,556 - 519 5,443 5,513
Contract payable - - - - - - - - - - - -
Deferred credits 4,536 3,957 - - - - 930 856 623 577 115 115
Others - - - - - - - - - - - -

Total liabilities 255,379 223,522 4,214 - - 8,644 - 9,055 16,525 6,583 2,600 2,843 30,441 27,914

Equity (1,270) (15,573) 24,477 - 4,878 3,547 10,653 10,183 9,704 7,932 (19,015) (15,742)
Total liabilities and equity 254,108 207,949 28,691 - - 13,522 - 12,601 27,178 16,765 12,303 10,776 11,426 12,173
Difference between totals and sums of components is due to rounding off.

112
PROVINCE OF CAGAYAN
Summary Balance Sheet
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

GONZAGA LAL-LO PEABLANCA SANCHEZ MIRA STA. PRAXEDES


2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets

Current assets 7,244 4,692 7,609 5,541 6,680 6,663 3,903 4,024 666 463
Cash and cash equivalents 4,051 1,540 5,882 4,150 3,362 3,233 2,855 2,428 666 463
Short term investments - - - - - - - - - - -
Receivables, net 2,095 1,987 795 725 2,895 2,721 617 1,121 - - -
Inventories, net 1,098 1,165 904 641 423 708 381 425 - - -
Prepayments and deferred charges - - 28 25 - - 51 51 - - -
Others - - - - - - - - - - -

Non-current assets 27,499 28,015 42,876 43,646 12,084 12,562 31,414 29,017 21,011 21,011
Long term receivables, net - - - - - - - - - - - - - - - - -
Long term investments, net - - - - - - - - - - - - - - - - -
Property, plant and equipment, net 27,385 27,901 37,839 38,609 12,084 12,562 31,414 29,017 21,011 21,011
Intangible assets - - 38 38 - - - - - -
Other assets 114 114 4,999 4,999 - - - - - -
Total assets 34,743 32,707 50,486 49,187 18,764 19,225 35,317 33,041 21,677 21,474

Liabilities and equity

Current liabilities 23,202 20,916 50,036 36,647 655 1,837 2,002 1,195 (1) 30
Trade and non-trade payables 22,940 20,775 50,036 36,647 654 1,836 1,857 1,051 (1) 30
Others 262 142 - - 1 1 145 145 - - -

Non-current liabilities 15,168 16,710 39,693 38,167 12,440 13,059 28,846 27,652 20,915 20,915
Notes payable - - - - - - - - - - - - - - - - -
Mortgage payable - - - - - - - - - - - - - - - - -
Bonds payable - - - - - - - - - - - - - - - - -
Loans and advances payable 14,749 16,422 39,676 38,156 10,423 11,281 28,432 27,319 20,915 20,915
Contract payable - - - - - - - - - - -
Deferred credits 419 288 17 12 2,017 1,778 414 333 - - -
Others - - - - - - - - - - -

Total liabilities 38,370 37,626 89,729 74,814 13,095 14,895 30,848 28,847 20,913 20,945

Equity (3,627) (4,919) (39,243) (25,627) 5,669 4,329 4,469 4,194 764 529
Total liabilities and equity 34,743 32,707 50,486 49,187 18,764 19,225 35,317 33,041 21,677 21,474
Difference between totals and sums of components is due to rounding off.

113
PROVINCE OF ISABELA
Summary Balance Sheet
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL ALICIA ANGADANAN AURORA BENITO SOLIVEN CABAGAN


2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets

Current assets 96,694 79,254 12,986 10,620 12,241 10,796 1,647 - 1,479 1,857 962 18,713 17,053
Cash and cash equivalents 41,889 32,309 7,885 5,883 567 434 1,314 1,139 879 226 13,634 11,484
Short term investments - - - - - - - - - - - -
Receivables, net 47,146 39,869 3,165 2,874 11,575 10,286 278 274 852 665 4,181 4,481
Inventories, net 7,484 6,900 1,936 1,863 100 76 55 67 126 71 898 1,087
Prepayments and deferred charges 175 175 - - - - - - - - - - -
Others - - - - - - - - - - - - - - - - - - -

Non-current assets 269,732 260,346 39,249 37,265 1,149 1,001 4,212 4,418 22,046 22,715 29,232 25,855
Long term receivables, net - - - - - - - - - - - - - - - - - - -
Long term investments, net - - - - - - - - - - - - - - - - - - -
Property, plant and equipment, net 268,012 258,884 39,249 37,265 1,149 1,001 4,212 4,418 22,046 22,715 29,232 25,855
Intangible assets 40 126 - - - - - - - - - - - - - - - - -
Other assets 1,680 1,337 - - - - - - - - - - - - - - - - -
- -
Total assets 366,426 339,600 52,235 47,884 13,390 11,797 5,859 5,898 23,902 23,677 47,945 42,907

Liabilities and equity

Current liabilities 77,986 68,974 26,507 24,982 1,767 1,650 142 122 141 149 2,577 888
Trade and non-trade payables 74,258 67,134 25,757 24,875 1,767 1,650 17 20 141 149 1,152 29
Others 3,728 1,840 751 107 - - - 125 102 - - 1,426 860

Non-current liabilities 131,224 138,673 1,803 4,395 900 900 45 42 14,359 14,402 6,431 8,482
Notes payable - - - - - - - - - - - - - - - - - - - -
Mortgage payable - - - - - - - - - - - - - - - - - - - -
Bonds payable - - - - - - - - - - - - - - - - -
Loans and advances payable 129,584 137,248 1,674 4,310 900 900 - - 14,359 14,402 5,161 7,356
Contract payable - - - - - - - - - - - - - - - - - - - -
Deferred credits 1,639 1,425 129 85 - - 45 42 - - - 1,270 1,126
Others - - - - - - - - - - - - - - - - - - - -

Total liabilities 209,210 207,647 28,311 29,376 2,667 2,549 187 164 14,500 14,551 9,009 9,370

Equity 157,216 131,953 23,925 18,508 10,723 9,247 5,671 5,734 9,402 9,126 38,936 33,537
Total liabilities and equity 366,426 339,600 52,235 47,884 13,390 11,797 5,859 5,898 23,902 23,677 47,945 42,907
Difference between totals and sums of components is due to rounding off.

114
PROVINCE OF ISABELA
Summary Balance Sheet
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

CORDON GAMU NAGUILIAN RAMON REINA MERCEDES ROXAS


2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets

Current assets 5,578 5,203 4,763 1,538 4,528 4,066 1,642 1,659 4,504 4,047 12,072 10,726
Cash and cash equivalents 617 306 40 49 707 1,147 61 59 848 1,847 5,672 4,871
Short term investments - - - - - - - - - - - -
Receivables, net 4,328 3,865 4,630 1,143 3,809 2,912 1,438 1,455 2,198 1,767 5,314 4,858
Inventories, net 458 857 93 347 12 7 142 145 1,457 434 1,085 997
Prepayments and deferred charges 175 175 - - - - - - - - - -
Others - - - - - - - - - - - - - - - - - - - - -

Non-current assets 11,789 10,411 35,322 36,955 9,188 8,454 5,292 6,252 26,290 25,191 26,534 24,610
Long term receivables, net - - - - - - - - - - - - - - - - - - - - -
Long term investments, net - - - - - - - - - - - - - - - - - - - - -
Property, plant and equipment, net 11,362 10,260 35,322 36,955 9,188 8,454 4,177 5,159 26,271 25,172 26,474 24,595
Intangible assets - - - - - - - - - - - - - - - 15 15
Other assets 427 151 - - - - - - 1,115 1,092 19 19 45 -
Total assets 17,367 15,614 40,085 38,493 13,717 12,520 6,934 7,911 30,794 29,238 38,605 35,336

Liabilities and equity

Current liabilities 20,488 20,497 141 189 1,157 450 19,166 17,000 622 53 2,309 196
Trade and non-trade payables 20,412 20,252 141 189 398 384 18,908 16,652 622 53 2,309 172
Others 76 245 - - - 759 65 258 348 - - - - 23

Non-current liabilities 5,399 3,702 23,442 23,442 931 1,141 27,323 29,008 9,989 10,248 14,275 17,863
Notes payable - - - - - - - - - - - - - - - - - - - - -
Mortgage payable - - - - - - - - - - - - - - - - - - - - -
Bonds payable - - - - - - - - - - - - - - - - - - - - -
Loans and advances payable 5,399 3,702 23,442 23,442 931 1,141 27,205 28,891 9,989 10,248 14,275 17,863
Contract payable - - - - - - - - - - - - - - - - - - - - -
Deferred credits - - - - - - - - 118 118 - - - - - -
Others - - - - - - - - - - - - - - - - - - - - -

Total liabilities 25,886 24,199 23,583 23,631 2,088 1,590 46,489 46,008 10,612 10,301 16,584 18,059

Equity (8,519) (8,585) 16,502 14,862 11,629 10,930 (39,555) (38,097) 20,182 18,937 22,021 17,277
Total liabilities and equity 17,367 15,614 40,085 38,493 13,717 12,520 6,934 7,911 30,794 29,238 38,605 35,336
Difference between totals and sums of components is due to rounding off.

115
PROVINCE OF ISABELA
Summary Balance Sheet
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

SAN GUILLERMO SAN MANUEL TUMAUINI


2015 2014 2015 2014 2015 2014

Assets

Current assets 2,423 2,113 7,856 4,949 5,886 4,041


Cash and cash equivalents 581 271 5,390 2,500 3,694 2,093
Short term investments - - - - - - - -
Receivables, net 1,768 1,773 2,301 2,253 1,309 1,265
Inventories, net 74 69 165 196 883 684
Prepayments and deferred charges - - - - - - -
Others - - - - - - - - -

Non-current assets 20,364 20,163 15,302 14,602 23,764 22,456


Long term receivables, net - - - - - - - - - -
Long term investments, net - - - - - - - - - -
Property, plant and equipment, net 20,323 20,122 15,269 14,489 23,739 22,425
Intangible assets - - - 80 25 31
Other assets 41 41 33 33 - -
Total assets 22,786 22,276 23,159 19,551 29,650 26,497

Liabilities and equity

Current liabilities 75 92 514 438 2,380 2,269


Trade and non-trade payables 74 91 509 375 2,052 2,243
Others 1 1 5 63 328 25

Non-current liabilities 12,431 12,431 10,600 8,285 3,295 4,333


Notes payable - - - - - - - - - -
Mortgage payable - - - - - - - - - -
Bonds payable - - - - - - - - - -
Loans and advances payable 12,431 12,431 10,598 8,285 3,220 4,279
Contract payable - - - - - - - - - -
Deferred credits - - - 2 - 74 54
Others - - - - - - - - - -

Total liabilities 12,505 12,522 11,115 8,723 5,675 6,602

Equity 10,281 9,754 12,044 10,828 23,975 19,895


Total liabilities and equity 22,786 22,276 23,159 19,551 29,650 26,497
Difference between totals and sums of components is due to rounding off.

116
PROVINCE OF NUEVA VIZCAYA
Summary Balance Sheet
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL DIADI
2015 2014 2015 2014

Assets

Current assets 1,045 1,109 - 1,045 - 1,109


Cash and cash equivalents 65 189 65 189
Short term investments - - - -
Receivables, net 791 726 791 726
Inventories, net 13 17 13 17
Prepayments and deferred charges 176 176 176 176
Others - - - -

Non-current assets 7,467 7,328 - 7,467 - 7,328


Long term receivables, net - - - -
Long term investments, net - - - -
Property, plant and equipment, net 7,402 7,328 7,402 7,328
Intangible assets - - - -
Other assets 65 - 65 -
Total assets 8,511 8,436 - 8,511 - 8,436

Liabilities and equity

Current liabilities 3,157 1,692 - 3,157 - 1,692


Trade and non-trade payables 2,801 1,640 2,801 1,640
Others 355 52 355 52

Non-current liabilities 6,790 7,507 - 6,790 - 7,507


Notes payable - - - -
Mortgage payable - - - -
Bonds payable - - - -
Loans and advances payable 6,771 7,491 6,771 7,491
Contract payable - - - -
Deferred credits 18 16 18 16
Others - - - -

Total liabilities 9,946 9,199 - 9,946 - 9,199

Equity (1,435) (763) (1,435) (763)


Total liabilities and equity 8,511 8,436 - 8,511 - 8,436
Difference between totals and sums of components is due to rounding off.

117
PROVINCE OF QUIRINO
Summary Balance Sheet
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL AGLIPAY DIFFUN MADDELA


2015 2014 2015 2014 2015 2014 2015 2014

Assets

Current assets 11,916 9,128 - 1,104 - 828 - 3,254 - 2,563 - 7,559 - 5,737
Cash and cash equivalents 2,318 1,926 555 562 1,184 974 579 389
Short term investments - - - - - - - - - - - -
Receivables, net 7,466 5,693 467 266 1,675 1,279 5,324 4,148
Inventories, net 1,965 1,509 82 - 395 309 1,489 1,200
Prepayments and deferred charges 167 - - - - - - - - 167 -
Others - - - - - - - - - - -

Non-current assets 46,595 - 47,392 - 1,471 - 1,660 - 21,769 - 22,340 - 23,355 - 23,392
Long term receivables, net - - - - - - - -
Long term investments, net - - - - - - - -
Property, plant and equipment, net 46,515 47,312 1,471 1,660 21,719 22,290 23,325 23,362
Intangible assets - - - - - - - - - - - - -
Other assets 79 79 - - - 49 49 30 30
Total assets 58,511 - 56,520 - 2,575 - 2,488 - 25,023 - 24,903 - 30,914 - 29,129

Liabilities and equity

Current liabilities 19,450 - 19,490 - 1,125 - 991 - 12,660 - 14,120 - 5,665 - 4,380
Trade and non-trade payables 19,089 19,129 1,125 991 12,299 13,759 5,665 4,380
Others 361 361 - - - 361 361 - - -

Non-current liabilities 22,203 - 23,054 - 2,325 - 2,325 - - - - - 19,878 - 20,729


Notes payable - - - - - - - - - - - - -
Mortgage payable - - - - - - - - - - - - -
Bonds payable - - - - - - - - - - - - -
Loans and advances payable 22,203 23,054 2,325 2,325 - - 19,878 20,729
Contract payable - - - - - - - - - - - - -
Deferred credits - - - - - - - - - - - - -
Others - - - - - - - - - - - - -

Total liabilities 41,653 - 42,544 - 3,450 - 3,315 - 12,660 - 14,120 - 25,543 - 25,109

Equity 16,858 13,976 (876) (828) 12,363 10,783 5,371 4,020


Total liabilities and equity 58,511 - 56,520 - 2,575 - 2,488 - 25,023 - 24,903 - 30,914 - 29,129
Difference between totals and sums of components is due to rounding off.

118
CITIES OF REGION II - CAGAYAN VALLEY
Summary Balance Sheet
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)
TOTAL CAUAYAN ILAGAN METRO TUGUEGARAO SANTIAGO

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets
Current assets 181,381 - 152,023 - 28,205 - 23,128 - 9,737 - 9,057 - 89,646 - 88,105 - 53,793 - 31,733
Cash and cash equivalents 101,157 76,232 22,126 18,079 1,721 793 40,272 35,553 37,038 21,807
Short term investments - - - - - - - - - -
Receivables, net 37,253 28,467 1,218 776 6,812 7,644 19,554 17,884 9,669 2,163
Inventories, net 40,610 44,062 4,861 4,274 1,205 620 27,644 31,544 6,899 7,624
Prepayments and deferred charges 2,361 3,263 - - - - - - 2,176 3,124 186 139
Others - - - - - - - - - - - - - - - -
Non-current assets 1,081,076 - 1,035,990 - 76,304 - 69,806 - 85,383 - 85,681 - 325,555 - 276,505 - 593,834 - 603,998
Long term receivables, net - - - - - - - - - - - - - - - -
Long term investments, net - - - - - - - - - - - - - - - -
Property, plant and equipment, net 971,082 941,280 76,304 69,806 85,383 85,681 217,653 183,886 591,741 601,907
Intangible assets 6,497 3,249 - - - - - - 4,861 1,613 1,636 1,636
Other assets 103,497 91,461 - - - - - - 103,041 91,006 456 455
Total assets 1,262,457 - 1,188,013 - 104,509 - 92,934 - 95,121 - 94,738 - 415,201 - 364,609 - 647,626 - 635,731

Liabilities and equity


Current liabilities 74,290 - 75,148 - 5,919 - 5,497 - 8,341 - 7,506 - 32,340 - 36,512 - 27,690 - 25,632
Trade and non-trade payables 52,930 52,683 5,919 5,497 7,591 7,025 21,202 23,960 18,218 16,202
Others 21,360 22,465 - - 749 481 11,139 12,552 9,472 9,431
Non-current liabilities 596,260 - 623,160 - 8 - 15 - 60,433 - 68,408 - 15,233 - 13,897 - 520,586 - 540,839
Notes payable - - - - - - - - - - - - -
Mortgage payable - - - - - - - - - - - - -
Bonds payable - - - - - - - - - - - - -
Loans and advances payable 575,201 604,928 - - 59,292 67,519 929 1,645 514,980 535,763
Contract payable - - - - - - - - - - - - - -
Deferred credits 21,059 18,232 8 15 1,141 889 14,305 12,252 5,606 5,076
Others - - - - - - - - - - - - - -
Total liabilities 670,550 - 698,308 - 5,927 - 5,512 - 68,774 - 75,914 - 47,574 - 50,410 - 548,276 - 566,472
Equity 591,907 489,705 98,582 87,422 26,347 18,824 367,627 314,200 99,350 69,259
Total liabilities and equity 1,262,457 - 1,188,013 - 104,509 - 92,934 - 95,121 - 94,738 - 415,201 - 364,609 - 647,626 - 635,731
Difference between totals and sums of components is due to rounding off.

119
PROVINCE OF CAGAYAN
Summary Income Statement
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL ABULUG AMULUNG APARRI CLAVERIA GATTARAN

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 60,684 - 50,482 4,244 - - 3,892 - 2,009 - 9,275 - 9,900 - 6,031 - 5,622 - 1,280 - 1,301

Business and service income 60,240 50,266 4,179 - 3,892 2,009 9,201 9,875 6,031 5,622 1,280 1,301
Gains and premiums - - - - - - - - - - - -
Others 445 216 65 - - - 74 25 - - - -

Expenses 64,149 - 58,215 3,689 - - 2,561 - 1,459 - 8,579 - 9,199 - 4,376 - 3,893 - 4,551 - 3,903

Personnel services 25,846 21,409 2,016 - 1,016 666 4,931 4,970 2,916 2,566 692 697
Maintenance and other operating expenses 25,472 22,249 1,671 - 1,545 793 3,646 4,223 1,389 1,160 1,488 968
Financial expenses 12,832 14,558 2 - - - - 2 6 71 167 2,372 2,238
Others - - - - - - - - - - - - - - - - - - - -

Net income (loss) before subsidy (3,465) - (7,734) 555 - - 1,331 - 550 - 696 - 701 - 1,655 - 1,729 - (3,272) - (2,602)

Add: Subsidy - - - - - - - - - - - - -

Net income (loss) before tax (3,465) - (7,734) 555 - - 1,331 - 550 - 696 - 701 - 1,655 - 1,729 - (3,272) - (2,602)

Income tax expense - - - - - - - - - - - -

Net income (loss) after tax (3,465) - (7,734) 555 - - 1,331 - 550 - 696 - 701 - 1,655 - 1,729 - (3,272) - (2,602)
Difference between totals and sums of components is due to rounding off.

120
PROVINCE OF CAGAYAN
Summary Income Statement
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

GONZAGA LAL-LO PEABLANCA SANCHEZ MIRA STA. PRAXEDES

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 9,785 - 8,925 - 9,294 - 7,722 9,463 - 8,431 6,778 - 6,055 - 642 - 516

Business and service income 9,785 8,925 9,171 7,634 9,368 8,366 6,691 6,018 641 516
Gains and premiums - - - - - - - - - - - - - -
Others - - 123 88 95 65 87 37 1 1

Expenses 8,782 - 10,478 - 16,782 - 15,063 7,775 - 7,942 6,645 - 5,989 - 408 - 289

Personnel services 4,697 4,194 3,608 3,384 2,665 2,354 3,172 2,526 134 51
Maintenance and other operating expenses 3,459 3,521 4,657 4,376 4,071 3,940 3,276 3,032 268 235
Financial expenses 626 2,763 8,518 7,303 1,039 1,648 196 431 5 2
Others - - - - - - - - - - - - - - - - -

Net income (loss) before subsidy 1,002 - (1,553) - (7,488) - (7,341) 1,688 - 489 133 - 67 - 235 - 227

Add: Subsidy - - - - - - - - - -

Net income (loss) before tax 1,002 - (1,553) - (7,488) - (7,341) 1,688 - 489 133 - 67 - 235 - 227

Income tax expense - - - - - - - - - -

Net income (loss) after tax 1,002 - (1,553) - (7,488) - (7,341) 1,688 - 489 133 - 67 - 235 - 227
Difference between totals and sums of components is due to rounding off.

121
PROVINCE OF ISABELA
Summary Income Statement
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL ALICIA ANGADANAN AURORA BENITO SOLIVEN CABAGAN

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 125,141 - 108,692 - 18,006 - 15,284 - 3,910 - 3,628 4,250 - 3,938 4,309 - 3,268 - 18,165 - 15,531

Business and service income 125,125 108,109 17,996 15,284 3,910 3,628 4,250 3,938 4,308 3,267 18,165 15,531
Gains and premiums - - - - - - - - - - - - - - - - - - -
Others 16 583 10 - - - - - - - - 1 1 - - - -

Expenses 102,942 - 95,532 - 12,812 - 11,497 - 2,434 - 2,280 4,340 - 4,123 4,035 - 3,735 - 12,766 - 11,377

Personnel services 48,484 43,029 5,883 4,752 1,242 1,189 2,026 1,990 1,375 1,168 7,424 6,399
Maintenance and other operating expenses 49,775 44,689 6,545 6,132 1,190 1,088 2,315 2,133 2,495 2,364 5,183 4,684
Financial expenses 4,683 7,814 385 614 2 2 - - 166 202 159 293
Others - - - - - - - - - - - - -

Net income (loss) before subsidy 22,199 - 13,160 - 5,194 - 3,787 - 1,476 - 1,348 (90) - (185) 274 - (467) - 5,399 - 4,154

Add: Subsidy - - - - - - - - - - - - - - - - - -

Net income (loss) before tax 22,199 - 13,160 - 5,194 - 3,787 - 1,476 - 1,348 (90) - (185) 274 - (467) - 5,399 - 4,154

Income tax expense - - - - - - - - - - - - - - - - - -

Net income (loss) after tax 22,199 - 13,160 - 5,194 - 3,787 - 1,476 - 1,348 (90) - (185) 274 - (467) - 5,399 - 4,154
Difference between totals and sums of components is due to rounding off.

122
PROVINCE OF ISABELA
Summary Income Statement
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

CORDON GAMU NAGUILIAN RAMON REINA MERCEDES ROXAS

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 4,852 - 4,180 - 7,493 - 6,631 5,218 - 4,738 - 5,181 - 4,662 - 6,827 - 6,202 - 17,542 - 15,065

Business and service income 4,852 4,180 7,491 6,631 5,218 4,738 5,181 4,662 6,827 6,202 17,542 14,486
Gains and premiums - - - - - - - - - - - - - - - - - - - - - -
Others - - - 2 - - - - - - - - - - - - - - 579

Expenses 4,880 - 5,607 - 8,811 - 7,714 4,520 - 4,134 - 6,644 - 7,305 - 5,584 - 5,478 - 12,571 - 11,593

Personnel services 2,584 2,190 3,208 2,745 2,585 2,520 2,264 2,208 2,586 2,585 6,046 5,782
Maintenance and other operating expenses 2,295 2,255 5,603 4,969 1,819 1,468 2,715 2,590 2,997 2,893 5,558 4,294
Financial expenses 1 1,162 - - 115 146 1,665 2,507 - - - 967 1,517
Others - - - - - - - - - - - - - - - -

Net income (loss) before subsidy (28) - (1,426) - (1,318) - (1,083) 699 - 604 - (1,463) - (2,644) - 1,243 - 724 - 4,971 - 3,471

Add: Subsidy - - - - - - - - - - - - - - - - - - - - - -

Net income (loss) before tax (28) - (1,426) - (1,318) - (1,083) 699 - 604 - (1,463) - (2,644) - 1,243 - 724 - 4,971 - 3,471

Income tax expense - - - - - - - - - - - - -

Net income (loss) after tax (28) - (1,426) - (1,318) - (1,083) 699 - 604 - (1,463) - (2,644) - 1,243 - 724 - 4,971 - 3,471
Difference between totals and sums of components is due to rounding off.

123
PROVINCE OF ISABELA
Summary Income Statement
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

SAN GUILLERMO SAN MANUEL TUMAUINI

2015 2014 2015 2014 2015 2014

Income 3,245 - 2,957 - 7,979 - 7,476 - 18,163 - 15,134

Business and service income 3,245 2,957 7,976 7,472 18,163 15,134
Gains and premiums - - - - - - - - - - -
Others - - - 3 3 - - -

Expenses 2,717 - 3,092 - 6,767 - 6,533 - 14,061 - 11,064

Personnel services 1,103 861 3,693 3,471 6,464 5,167


Maintenance and other operating expenses 1,559 2,230 2,238 2,130 7,265 5,458
Financial expenses 55 1 836 932 332 439
Others - - - - - - - - -

Net income (loss) before subsidy 528 - (136) - 1,213 - 943 - 4,102 - 4,070

Add: Subsidy - - - - - - - - - - -

Net income (loss) before tax 528 - (136) - 1,213 - 943 - 4,102 - 4,070

Income tax expense - - - - - - -

Net income (loss) after tax 528 - (136) - 1,213 - 943 - 4,102 - 4,070
Difference between totals and sums of components is due to rounding off.

124
PROVINCE OF NUEVA VIZCAYA
Summary Income Statement
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL DIADI

2015 2014 2015 2014

Income 2,035 2,210 - 2,035 - 2,210

Business and service income 2,035 2,210 2,035 2,210


Gains and premiums - - - -
Others - - - -

Expenses 2,688 2,642 - 2,688 - 2,642

Personnel services 1,396 1,291 1,396 - 1,291


Maintenance and other operating expenses 880 875 880 - 875
Financial expenses 412 476 412 - 476
Others - - - - -

Net income (loss) before subsidy (652) (432) - (652) - (432)

Add: Subsidy - - - -

Net income (loss) before tax (652) (432) - (652) - (432)

Income tax expense - - - -

Net income (loss) after tax (652) - (432) - (652) - (432)


Difference between totals and sums of components is due to rounding off.

125
PROVINCE OF QUIRINO
Summary Income Statement
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL AGLIPAY DIFFUN MADDELA

2015 2014 2015 2014 2015 2014 2015 2014

Income 16,145 - 15,286 - 1,652 - 1,412 - 9,040 - 8,578 - 5,453 - 5,296

Business and service income 16,144 15,286 1,652 1,412 9,040 8,578 5,452 5,296
Gains and premiums - - - - - - - - - -
Others 1 - - - - - - - 1 -

Expenses 13,257 - 12,506 - 1,700 - 1,144 - 7,460 - 7,289 - 4,097 - 4,073

Personnel services 5,416 4,536 731 465 3,501 2,913 1,183 1,158
Maintenance and other operating expenses 5,806 5,665 806 506 3,236 3,427 1,764 1,733
Financial expenses 2,035 2,305 163 173 723 950 1,149 1,182
Others - - - - - - - - - - - -

Net income (loss) before subsidy 2,888 - 2,780 - (48) - 268 - 1,580 - 1,289 - 1,356 - 1,223

Add: Subsidy - - - - - - - -

Net income (loss) before tax 2,888 - 2,780 - (48) - 268 - 1,580 - 1,289 - 1,356 - 1,223

Income tax expense - - - - - - - - - - -

Net income (loss) after tax 2,888 - 2,780 - (48) - 268 - 1,580 - 1,289 - 1,356 - 1,223
Difference between totals and sums of components is due to rounding off.

126
CITIES OF REGION II - CAGAYAN VALLEY
Summary Income Statement
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL CAUAYAN ILAGAN METRO TUGUEGARAO SANTIAGO

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 390,166 - 353,918 - 55,052 - 48,829 - 47,897 - 40,154 - 160,532 - 150,046 - 126,685 - 114,890

Business and service income 383,896 349,889 54,264 48,829 47,897 40,137 156,868 148,000 124,867 112,923
Gains and premiums - - - - - - - - - -
Others 6,270 4,029 788 - - 17 3,664 2,045 1,818 1,967

Expenses 305,523 - 305,242 - 43,818 - 40,619 - 41,855 - 38,925 - 115,739 - 116,356 - 104,111 - 109,342

Personnel services 124,556 124,218 19,850 17,455 16,038 13,100 54,516 57,495 34,152 36,168
Maintenance and other operating expenses 170,842 171,152 23,968 23,163 24,261 23,539 59,488 58,591 63,126 65,858
Financial expenses 8,551 9,871 - - 1,556 2,286 162 269 6,833 7,316
Others 1,573 - - - - - - - - 1,573 - - - - -

Net income (loss) before subsidy 84,643 - 48,677 - 11,234 - 8,210 - 6,042 - 1,229 - 44,793 - 33,690 - 22,575 - 5,548

Add: Subsidy - - - - - - - - - - -

Net income (loss) before tax 84,643 - 48,677 - 11,234 - 8,210 - 6,042 - 1,229 - 44,793 - 33,690 - 22,575 - 5,548

Income tax expense - - - - - - - - - -

Net income (loss) after tax 84,643 - 48,677 - 11,234 - 8,210 - 6,042 - 1,229 - 44,793 - 33,690 - 22,575 - 5,548
Difference between totals and sums of components is due to rounding off.

127
PROVINCE OF CAGAYAN
Summary Statement of Changes in Equity
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)
TOTAL ABULUG AMULUNG APARRI CLAVERIA GATTARAN
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 13,198 13,198 - - - - 292 292 2,699 2,699 206 206
Additions (Deductions) - - - - - - - - - - - -

Government equity, end of period 13,198 - 13,198 - - - - - - - - - 292 - 292 - 2,699 - 2,699 - 206 - 206

Donated capital, beginning of period 52,044 26,529 24,847 - 2,000 2,000 1,490 1,490 - - 3,828 3,828
Additions (Deductions) (4,291) 668 - - - - - - - - - -

Donated capital, end of period 47,753 - 27,197 - 24,847 - - - 2,000 - 2,000 - 1,490 - 1,490 - - - - - 3,828 - 3,828

Appraisal capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Appraisal capital, end of period - - - - - - - - - - - - - - - - - - - - - - -

Reserved/Restricted capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Reserved/Restricted capital, end of period - - - - - - - - - - - - - - - - - - - - - - -

Retained earnings, beginning of period (56,893) (44,459) (924) - 1,547 997 8,400 6,916 5,234 3,506 (19,775) (17,173)
Additions (Deductions) (5,329) (11,510) 555 - 1,331 550 470 1,485 1,771 1,727 (3,273) (2,602)

Retained earnings, end of period (62,222) - (55,969) - (369) - - - 2,878 - 1,547 - 8,870 - 8,400 - 7,005 - 5,234 - (23,049) - (19,775)

Total equity (1,270) - (15,573) - 24,477 - - - 4,878 - 3,547 - 10,653 - 10,183 - 9,704 - 7,932 - (19,015) - (15,742)
Difference between totals and sums of components is due to rounding off.

128
PROVINCE OF CAGAYAN
Summary Statement of Changes in Equity
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)
GONZAGA LALLO PEABLANCA SANCHEZ MIRA STA. PRAXEDES
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 1,129 1,129 - - 6,470 6,470 2,402 2,402 - -
Additions (Deductions) - - - - - - - - - -

Government equity, end of period 1,129 - 1,129 - - - - 6,470 - 6,470 2,402 - 2,402 - - - -

Donated capital, beginning of period - - 17,367 16,699 2,512 2,512 - - - -


Additions (Deductions) - - (4,291) 668 - - - - - -

Donated capital, end of period - - - - 13,076 - 17,367 2,512 - 2,512 - - - - - - -

Appraisal capital, beginning of period - - - - - - - - - -


Additions (Deductions) - - - - - - - - - -

Appraisal capital, end of period - - - - - - - - - - - - - - - - -

Reserved/Restricted capital, beginning of period - - - - - - - -


Additions (Deductions) - - - - - - - - - -

Reserved/Restricted capital, end of period - - - - - - - - - - - - - - - - -

Retained earnings, beginning of period (6,048) (4,495) (42,994) (34,081) (4,653) (5,388) 1,792 4,731 529 529
Additions (Deductions) 1,292 (1,553) (9,325) (8,913) 1,340 735 276 (2,939) 235 -

Retained earnings, end of period (4,756) - (6,048) - (52,319) - (42,994) (3,313) - (4,653) 2,067 - 1,792 - 764 - 529

Total equity (3,627) - (4,919) - (39,243) - (25,627) 5,669 - 4,329 4,469 - 4,194 - 764 - 529
Difference between totals and sums of components is due to rounding off.

129
PROVINCE OF ISABELA
Summary Statement of Changes in Equity
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)
TOTAL ALICIA ANGADANAN AURORA BENITO SOLIVEN CABAGAN
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 82,475 86,638 20,585 20,585 - - 5,315 5,315 9,513 9,513 17,355 17,355
Additions (Deductions) - (4,163) - - - - - - - - - - -

Government equity, end of period 82,475 - 82,475 - 20,585 - 20,585 - - - - - 5,315 - 5,315 9,513 - 9,513 - 17,355 - 17,355

Donated capital, beginning of period 47,613 47,386 8,755 8,529 45 45 - - - - - -


Additions (Deductions) 22 227 22 227 - - - - - - - - -

Donated capital, end of period 47,635 - 47,613 - 8,778 - 8,755 - 45 - 45 - - - - - - - - - - -

Appraisal capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Appraisal capital, end of period - - - - - - - - - - - - - - - - - - - - - -

Reserved/Restricted capital, beginning of period 775 775 - - - - 775 775 - - - -


Additions (Deductions) 28 - - - - - 28 - - - - -

Reserved/Restricted capital, end of period 803 - 775 - - - - - - - - - 803 - 775 - - - - - - -

Retained earnings, beginning of period 1,090 (10,326) (10,832) (14,621) 9,202 7,855 (357) (153) (387) 80 16,182 12,138
Additions (Deductions) 25,213 11,416 5,394 3,789 1,476 1,347 (90) (204) 276 (467) 5,399 4,044

Retained earnings, end of period 26,303 - 1,090 - (5,438) - (10,832) - 10,678 - 9,202 - (447) - (357) (111) - (387) - 21,581 - 16,182

Total equity 157,216 - 131,953 - 23,925 - 18,508 - 10,723 - 9,247 - 5,671 - 5,734 9,402 - 9,126 - 38,936 - 33,537
Difference between totals and sums of components is due to rounding off.

130
PROVINCE OF ISABELA
Summary Statement of Changes in Equity
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)
CORDON GAMU NAGUILIAN RAMON REINA MERCEDES ROXAS
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period - - - - 9,157 9,157 422 422 12,747 12,747 6,228 10,392
Additions (Deductions) - - - - - - - - - - - (4,163)

Government equity, end of period - - - - - - - 9,157 - 9,157 - 422 - 422 - 12,747 - 12,747 - 6,228 - 6,228

Donated capital, beginning of period - - 18,192 18,192 - - 2,882 2,882 9,077 9,077 6 6
Additions (Deductions) - - - - - - - - - - - -

Donated capital, end of period - - - - 18,192 - 18,192 - - - - 2,882 - 2,882 - 9,077 - 9,077 - 6 - 6

Appraisal capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Appraisal capital, end of period - - - - - - - - - - - - - - - - - - - - - -

Reserved/Restricted capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Reserved/Restricted capital, end of period - - - - - - - - - - - - - - - - - - - - - -

Retained earnings, beginning of period (8,585) (8,586) (3,330) (2,246) 1,772 1,169 (41,401) (36,194) (2,887) (3,608) 11,043 7,899
Additions (Deductions) 66 0 1,640 (1,083) 699 604 (1,458) (5,207) 1,245 721 4,744 3,144

Retained earnings, end of period (8,519) - (8,585) - (1,690) - (3,330) 2,471 - 1,772 - (42,859) - (41,401) - (1,643) - (2,887) - 15,787 - 11,043

Total equity (8,519) - (8,585) - 16,502 - 14,862 11,629 - 10,930 - (39,555) - (38,097) - 20,182 - 18,937 - 22,021 - 17,277
Difference between totals and sums of components is due to rounding off.

131
PROVINCE OF ISABELA
Summary Statement of Changes in Equity
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)
SAN GUILLERMO SAN MANUEL TUMAUINI
2015 2014 2015 2014 2015 2014

Government equity, beginning of the period - - 545 545 607 607


Additions (Deductions) - - - - - - -

Government equity, end of period - - - - 545 - 545 - 607 - 607

Donated capital, beginning of period - - 8,656 8,656 - -


Additions (Deductions) - - - - - - -

Donated capital, end of period - - - - 8,656 - 8,656 - - - -

Appraisal capital, beginning of period - - - - - -


Additions (Deductions) - - - - - -

Appraisal capital, end of period - - - - - - - - - - -

Reserved/Restricted capital, beginning of period - - - - - -


Additions (Deductions) - - - - - -

Reserved/Restricted capital, end of period - - - - - - - - - - -

Retained earnings, beginning of period 9,754 10,319 1,627 763 19,289 14,859
Additions (Deductions) 528 (566) 1,216 864 4,080 4,430

Retained earnings, end of period 10,281 - 9,754 - 2,843 - 1,627 - 23,368 - 19,289

Total equity 10,281 - 9,754 - 12,044 - 10,828 - 23,975 - 19,895


Difference between totals and sums of components is due to rounding off.

132
PROVINCE OF NUEVA VIZCAYA
Summary Statement of Changes in Equity
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)
TOTAL DIADI
2015 2014 2015 2014

Government equity, beginning of the period - - - -


Additions (Deductions) - - - -

Government equity, end of period - - - - - - -

Donated capital, beginning of period 2,112 2,112 2,112 2,112


Additions (Deductions) - - - -

Donated capital, end of period 2,112 - 2,112 - 2,112 - 2,112

Appraisal capital, beginning of period - - - -


Additions (Deductions) - - - -

Appraisal capital, end of period - - - - - - -

Reserved/Restricted capital, beginning of period - - - -


Additions (Deductions) - - - -

Reserved/Restricted capital, end of period - - - - - - -

Retained earnings, beginning of period (2,875) (2,417) (2,875) (2,417)


Additions (Deductions) (672) (458) (672) (458)

Retained earnings, end of period (3,547) - (2,875) - (3,547) - (2,875)

Total equity (1,435) - (763) - (1,435) - (763)


Difference between totals and sums of components is due to rounding off.

133
PROVINCE OF QUIRINO
Summary Statement of Changes in Equity
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)
TOTAL AGLIPAY DIFFUN MADDELA
2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 250 250 - - 250 250 - -


Additions (Deductions) - - - - - - - -

Government equity, end of period 250 - 250 - - - - - 250 - 250 - - - -

Donated capital, beginning of period 11,537 11,537 - - 9,478 9,478 2,059 2,059
Additions (Deductions) - - - - - - - -

Donated capital, end of period 11,537 - 11,537 - - - - - 9,478 - 9,478 - 2,059 - 2,059

Appraisal capital, beginning of period - - - - - - - -


Additions (Deductions) - - - - - - - -

Appraisal capital, end of period - - - - - - - - - - - - - - -

Reserved/Restricted capital, beginning of period - - - - - - - -


Additions (Deductions) - - - - - - - -

Reserved/Restricted capital, end of period - - - - - - - - - - - - - - -

Retained earnings, beginning of period 2,189 1,339 (828) (1,095) 1,055 (234) 1,961 2,669
Additions (Deductions) 2,883 850 (48) 268 1,580 1,289 1,350 (707)

Retained earnings, end of period 5,071 - 2,189 - (876) - (828) - 2,635 - 1,055 - 3,312 - 1,961

Total equity 16,858 - 13,976 - (876) - (828) - 12,363 - 10,783 - 5,371 - 4,020
Difference between totals and sums of components is due to rounding off.

134
CITIES OF REGION II - CAGAYAN VALLEY
Summary Statement of Changes in Equity
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)
TOTAL CAUAYAN ILAGAN METRO TUGUEGARAO SANTIAGO
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 24,522 24,522 15,540 15,540 234 234 4,895 4,895 3,853 3,853
Additions (Deductions) - - - - - - - - - -

Government equity, end of period 24,522 - 24,522 - 15,540 - 15,540 - 234 - 234 - 4,895 - 4,895 - 3,853 - 3,853

Donated capital, beginning of period 35,061 35,061 5,008 5,008 13,090 13,090 16,963 16,963 - -
Additions (Deductions) 1,427 - - - 1,427 - - - - -

Donated capital, end of period 36,488 - 35,061 - 5,008 - 5,008 - 14,518 - 13,090 - 16,963 - 16,963 - - - -

Appraisal capital, beginning of period - - - - - - - - - -


Additions (Deductions) - - - - - - - - - -

Appraisal capital, end of period - - - - - - - - - - - - - - - - - - -

Reserved/Restricted capital, beginning of period 59,795 53,532 - - - - 59,795 53,532 - -


Additions (Deductions) 34,541 6,263 - - - - 34,541 6,263 - -

Reserved/Restricted capital, end of period 94,336 - 59,795 - - - - - - - - - 94,336 - 59,795 - - - -

Retained earnings, beginning of period 370,327 322,499 66,874 58,760 5,500 4,233 232,547 200,005 65,406 59,501
Additions (Deductions) 66,233 47,828 11,160 8,114 6,096 1,267 18,886 32,542 30,091 5,905

Retained earnings, end of period 436,560 - 370,327 - 78,034 - 66,874 - 11,596 - 5,500 - 251,433 - 232,547 - 95,497 - 65,406

Total equity 591,907 - 489,705 - 98,582 - 87,422 - 26,347 - 18,824 - 367,627 - 314,200 - 99,350 - 69,259
Difference between totals and sums of components is due to rounding off.

135
PROVINCE OF CAGAYAN
Summary Cash Flow Statement
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL ABULUG AMULUNG APARRI CLAVERIA GATTARAN

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 61,979 52,919 4,412 - 2,338 1,893 10,392 10,085 6,351 5,712 1,279 1,261
Cash outflows 48,416 41,685 4,383 - 2,119 1,394 9,591 8,977 3,915 3,399 1,289 1,544

Net cash provided by (used in) operating activities 13,562 11,234 29 - 219 499 801 1,108 2,437 2,313 (10) (283)

Cash flows from investing activities


Cash inflows - - - - - - - - - - - -
Cash outflows 6,506 5,577 115 - 432 59 3,694 3,467 1,136 410 - -

Net cash provided by (used in) investing activities (6,506) (5,577) (115) - (432) (59) (3,694) (3,467) (1,136) (410) - -

Cash flows from financing activities


Cash inflows 9,627 5,772 - - - - 9,627 5,500 - - - 272
Cash outflows 4,741 5,651 - - - - 62 65 724 822 - -

Net cash provided by (used in) financing activities 4,886 121 - - - - 9,565 5,435 (724) (822) - 272

Net increase (decrease) in cash and cash equivalents 11,942 5,779 (86) - (213) 440 6,672 3,077 576 1,080 (10) (10)

Cash and cash equivalents, beginning of period 26,933 20,718 436 - 1,181 740 6,819 3,742 6,663 5,582 21 31

Cash and cash equivalents, end of period 38,875 26,497 350 - 967 1,181 13,491 6,819 7,239 6,663 11 21
Difference between totals and sums of components is due to rounding off.

136
PROVINCE OF CAGAYAN
Summary Cash Flow Statement
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

GONZAGA LALLO PEABLANCA SANCHEZ MIRA STA. PRAXEDES

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 10,312 10,043 9,814 8,507 9,467 8,800 6,971 6,093 642 526
Cash outflows 7,800 7,371 7,465 8,187 5,678 5,807 5,737 4,717 439 289

Net cash provided by (used in) operating activities 2,512 2,672 2,349 320 3,789 2,993 1,234 1,376 203 237

Cash flows from investing activities


Cash inflows - - - - - - - - - -
Cash outflows - - 617 926 228 505 283 210 - -

Net cash provided by (used in) investing activities - - (617) (926) (228) (505) (283) (210) - -

Cash flows from financing activities


Cash inflows - - - - - - - - - -
Cash outflows - 1,800 - - 3,432 2,400 523 565 - -

Net cash provided by (used in) financing activities - (1,800) - - (3,432) (2,400) (523) (565) - -

Net increase (decrease) in cash and cash equivalents 2,512 872 1,732 (606) 129 88 427 601 203 237

Cash and cash equivalents, beginning of period 1,540 668 4,150 4,756 3,233 3,146 2,428 1,827 463 226

Cash and cash equivalents, end of period 4,051 1,540 5,882 4,150 3,362 3,233 2,855 2,428 666 463
Difference between totals and sums of components is due to rounding off.

137
PROVINCE OF ISABELA
Summary Cash Flow Statement
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL ALICIA ANGADANAN AURORA BENITO SOLIVEN CABAGAN

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 125,571 109,281 19,115 16,015 2,650 2,405 4,387 4,093 4,172 3,115 17,963 15,748
Cash outflows 91,820 79,712 11,178 8,924 2,517 2,298 3,944 3,862 3,309 3,215 13,549 10,541

Net cash provided by (used in) operating activities 33,751 - 29,569 - 7,937 - 7,091 - 133 - 107 443 - 231 862 - (100) - 4,414 - 5,207

Cash flows from investing activities


Cash inflows 175 439 - 99 - - - - - - - - -
Cash outflows 18,955 11,868 5,935 4,590 - - 267 334 - - - 1,043 1,252

Net cash provided by (used in) investing activities (18,780) - (11,429) - (5,935) - (4,491) - - - - (267) - (334) - - - - (1,043) - (1,252)

Cash flows from financing activities


Cash inflows 1,950 - - - - - - - - - - - - - -
Cash outflows 7,341 7,878 - - - - - - - - 209 282 1,222 1,263

Net cash provided by (used in) financing activities (5,391) - (7,878) - - - - - - - - - - - (209) - (282) - (1,222) - (1,263)

Net increase (decrease) in cash and cash equivalents 9,580 - 10,261 - 2,002 - 2,600 - 133 - 107 175 - (103) 653 - (382) - 2,150 - 2,693

Cash and cash equivalents, beginning of period 32,309 22,048 5,883 3,283 434 327 1,139 1,241 226 608 11,484 8,792

Cash and cash equivalents, end of period 41,889 - 32,309 - 7,885 - 5,883 - 567 - 434 1,314 - 1,139 879 - 226 - 13,634 - 11,484
Difference between totals and sums of components is due to rounding off.

138
PROVINCE OF ISABELA
Summary Cash Flow Statement
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

CORDON GAMU NAGUILIAN RAMON REINA MERCEDES ROXAS

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 5,921 4,148 7,232 6,477 4,930 4,350 5,183 4,666 6,376 6,858 17,316 14,862
Cash outflows 4,335 4,037 7,038 5,965 4,004 3,701 4,027 3,551 6,153 5,570 9,954 9,189

Net cash provided by (used in) operating activities 1,585 - 111 - 194 - 512 926 - 649 - 1,155 - 1,114 - 222 - 1,288 - 7,363 - 5,672

Cash flows from investing activities


Cash inflows - - - - - - - - - - - -
Cash outflows 1,275 68 203 543 1,035 126 186 159 1,221 - 3,857 539

Net cash provided by (used in) investing activities (1,275) - (68) - (203) - (543) (1,035) - (126) - (186) - (159) - (1,221) - - - (3,857) - (539)

Cash flows from financing activities


Cash inflows - - - - - - - - - - - - - - - -
Cash outflows - - - - - - - 331 340 968 962 - - - 2,705 2,978

Net cash provided by (used in) financing activities - - - - - - - (331) - (340) - (968) - (962) - - - - - (2,705) - (2,978)

Net increase (decrease) in cash and cash equivalents 311 - 43 - (9) - (31) (440) - 182 - 2 - (7) - (999) - 1,288 - 801 - 2,155

Cash and cash equivalents, beginning of period 306 263 49 79 1,147 965 59 66 1,847 559 4,871 2,716

Cash and cash equivalents, end of period 617 - 306 - 40 - 49 707 - 1,147 - 61 - 59 - 848 - 1,847 - 5,672 - 4,871
Difference between totals and sums of components is due to rounding off.

139
PROVINCE OF ISABELA
Summary Cash Flow Statement
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

SAN GUILLERMO SAN MANUEL TUMAUINI

2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 3,274 2,869 8,198 7,918 18,854 15,756
Cash outflows 2,365 2,432 5,792 5,279 13,653 11,146

Net cash provided by (used in) operating activities 909 - 437 - 2,406 - 2,639 - 5,201 - 4,610

Cash flows from investing activities


Cash inflows 175 340 - - - -
Cash outflows 720 481 456 348 2,758 3,429

Net cash provided by (used in) investing activities (545) - (141) - (456) - (348) - (2,758) - (3,429)

Cash flows from financing activities


Cash inflows - - 1,950 - - -
Cash outflows 54 - 1,011 1,170 841 883

Net cash provided by (used in) financing activities (54) - - - 939 - (1,170) - (841) - (883)

Net increase (decrease) in cash and cash equivalents 310 - 296 - 2,890 - 1,121 - 1,601 - 299

Cash and cash equivalents, beginning of period 271 (25) 2,500 1,380 2,093 - 1,793

Cash and cash equivalents, end of period 581 - 271 - 5,390 - 2,500 - 3,694 - 2,093
Difference between totals and sums of components is due to rounding off.

140
PROVINCE OF NUEVA VIZCAYA
Summary Cash Flow Statement
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL DIADI

2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 2,008 2,225 2,008 2,225
Cash outflows 2,112 1,949 2,112 1,949

Net cash provided by (used in) operating activities (104) - 277 - (104) - 277

Cash flows from investing activities


Cash inflows - - - -
Cash outflows 321 5 321 5

Net cash provided by (used in) investing activities (321) - (5) - (321) - (5)

Cash flows from financing activities


Cash inflows 300 - 300 -
Cash outflows - 180 - 180

Net cash provided by (used in) financing activities 300 - (180) - 300 - (180)

Net increase (decrease) in cash and cash equivalents (125) - 91 - (125) - 91

Cash and cash equivalents, beginning of period 189 98 189 - 98

Cash and cash equivalents, end of period 65 - 189 - 65 - 189


Difference between totals and sums of components is due to rounding off.

141
PROVINCE OF QUIRINO
Summary Cash Flow Statement
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL AGLIPAY DIFFUN MADDELA

2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 14,741 14,789 1,459 1,471 9,005 8,780 4,276 4,539
Cash outflows 10,987 11,473 1,174 998 6,715 6,133 3,097 4,342

Net cash provided by (used in) operating activities 3,754 - 3,316 - 285 - 472 - 2,290 - 2,646 - 1,179 - 197

Cash flows from investing activities


Cash inflows - - - - - - - -
Cash outflows 688 355 292 90 240 180 156 84

Net cash provided by (used in) investing activities (688) - (355) - (292) - (90) - (240) - (180) - (156) - (84)

Cash flows from financing activities


Cash inflows - - - - - - - -
Cash outflows 2,673 2,048 - - 1,840 2,048 834 -

Net cash provided by (used in) financing activities (2,673) - (2,048) - - - - - (1,840) - (2,048) - (834) - -

Net increase (decrease) in cash and cash equivalents 392 - 914 - (7) - 382 - 210 - 419 - 190 - 113

Cash and cash equivalents, beginning of period 1,926 1,012 562 180 974 556 389 276

Cash and cash equivalents, end of period 2,318 - 1,926 - 555 - 562 - 1,184 - 974 - 579 - 389
Difference between totals and sums of components is due to rounding off.

142
CITIES OF REGION II - CAGAYAN VALLEY
Summary Cash Flow Statement
December 31, 2015
(With Corresponding Figures for 2014)
(In Thousand Pesos)

TOTAL CAUAYAN ILAGAN METRO TUGUEGARAO SANTIAGO

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 411,644 372,463 64,176 56,856 46,592 38,274 171,417 160,120 129,459 117,214
Cash outflows 321,230 307,691 52,618 49,054 32,544 30,284 152,072 133,692 83,996 94,661

Net cash provided by (used in) operating activities 90,414 - 64,772 - 11,558 - 7,802 - 14,048 - 7,990 - 19,345 - 26,428 - 45,463 - 22,552

Cash flows from investing activities


Cash inflows 1,432 508 - - - - 1,432 494 - 13
Cash outflows 31,832 34,447 7,511 4,791 2,105 1,180 18,005 18,236 4,211 10,240

Net cash provided by (used in) investing activities (30,400) - (33,940) - (7,511) - (4,791) - (2,105) - (1,180) - (16,573) - (17,741) - (4,211) - (10,227)

Cash flows from financing activities


Cash inflows 2,747 470 - - - 470 2,747 - - -
Cash outflows 37,835 28,859 - - 11,016 7,843 798 828 26,021 20,188

Net cash provided by (used in) financing activities (35,089) - (28,389) - - - - - (11,016) - (7,373) - 1,948 - (828) - (26,021) - (20,188)

Net increase (decrease) in cash and cash equivalents 24,925 - 2,443 - 4,047 - 3,011 - 927 - (564) - 4,720 - 7,859 - 15,231 - (7,862)

Cash and cash equivalents, beginning of period 76,232 73,789 18,079 15,068 793 1,357 35,553 27,694 21,807 29,669

Cash and cash equivalents, end of period 101,157 - 76,232 - 22,126 - 18,079 - 1,721 - 793 - 40,272 - 35,553 - 37,038 - 21,807
Difference between totals and sums of components is due to rounding off.

143
Central Luzon Region
REGION 3
NUEVA ECIJA
Bongabon
Cabiao
Cuyapo
ZAMBALES General Nativi-
Cabangan dad
Candelaria TARLAC General Tinio
Castillejos Camiling Guimba
Iba Conception Jaen
Masinioc Gerona Licab
Palauig Mayantoc Lupao
San Antonio Moncada Penaranda
San Felipe Paniqui San Antonio
San Marcelino Ramos Santa Rosa
San Narciso Santa Ignacia Talavera
Santa Cruz Talugtog
Subic

AURORA
Baler
CITIES Dipaculao
Angeles
Balanga
Cabanatuan
Gapan
Mabalacat
Malolos
Meycauayan
Munoz
Palayan
San Fernando BULACAN
San Jose Angat
San Jose Del Monte Balagtas
Tarlac Baliuag
Bocaue
BATAAN Bulacan
Bagac Bustos
PAMPANGA
Dinalupihan Calumpit
Bacoor
Hermosa Hagonoy
Candaba Marilao
Limay
Floridablanca
Mariveles Norzagaray
Guagua
Morong Obando
Lubao
Orani Pandi
Macabebe Plaridel
Orion
Masantol
San Ildefonso
Porac
San Miguel
Santa Rita
San Rafael
Sasmuan Santa Maria
REGION III - CENTRAL LUZON
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL AURORA BATAAN BULACAN NUEVA ECIJA PAMPANGA


2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets

Current assets 2,392,079 - 2,126,962 - 3,864 - 3,224 - 143,756 - 126,168 - 476,115 - 422,675 - 123,197 - 95,595 - 185,183 - 156,367
Cash and cash equivalents 1,369,363 1,152,466 1,813 - 1,392 113,166 93,666 250,594 218,099 69,185 49,859 116,684 91,848
Short term investments 3,828 4,157 - - - - - 3,826 3,710 - 447 - -
Receivables, net 631,346 619,159 1,991 - 1,708 17,153 18,844 107,110 100,888 38,132 30,700 51,511 48,735
Inventories, net 238,538 225,476 60 - 124 13,014 12,717 75,432 64,613 14,510 12,940 13,581 12,299
Prepayments and deferred charges 57,415 60,262 - - - 124 640 21,346 21,159 939 1,219 1,028 1,745
Others 91,589 65,442 - - - 299 301 17,807 14,206 431 430 2,379 1,740

Non-current assets 9,629,585 - 8,826,546 - 21,638 - 21,691 - 475,359 - 386,229 - 2,172,053 - 1,976,874 - 640,869 - 595,618 - 801,115 - 734,327
Long term receivables, net 13,654 13,634 - - - - - 1,006 1,006 - - - -
Long term investments, net 206,731 186,464 - - - 2,496 3,754 59,334 60,945 6,259 6,035 10,889 8,550
Property, plant and equipment, net 9,300,857 8,529,745 21,622 - 21,675 466,172 378,907 2,085,770 1,891,948 624,736 574,086 766,598 703,207
Intangible assets 2,394 4,582 - - - 26 - 253 4,064 - - - -
Other assets 105,949 92,121 16 - 16 6,665 3,568 25,690 18,911 9,874 15,497 23,628 22,570

Total assets 12,021,664 - 10,953,508 - 25,502 - 24,915 - 619,115 - 512,397 - 2,648,168 - 2,399,549 - 764,066 - 691,213 - 986,298 - 890,694

Liabilities and equity

Current liabilities 1,096,477 - 1,009,587 - 17,834 - 16,350 - 66,701 - 29,530 - 252,147 - 205,739 - 70,862 - 81,866 - 89,573 - 62,439
Trade and non-trade payables 971,278 867,521 17,220 - 15,706 62,906 28,431 211,793 184,224 63,852 76,150 89,573 62,439
Others 125,199 142,066 614 - 644 3,795 1,099 40,354 21,515 7,010 5,716 - -

Non-current liabilities 3,432,683 - 3,518,292 - 24,177 - 23,945 - 99,685 - 106,388 - 894,117 - 851,264 - 240,421 - 258,191 - 245,114 - 259,378
Notes payable 5,215 4,583 - - - - - - - 5,215 4,583 - -
Mortgage payable 923 1,490 - - - - - 923 1,490 - - - -
Bonds payable - 40,924 - - - - 40,924 - - - - - -
Loans and advances payable 3,198,156 3,342,919 24,024 - 23,792 58,967 65,440 860,970 820,396 220,675 241,536 232,589 247,543
Contract payable 5,621 1,367 - - - - - - - - - - -
Deferred credits 101,512 88,714 153 - 153 29 24 28,328 29,378 1,173 1,956 12,361 11,685
Others 121,256 38,295 - - - 40,689 - 3,896 - 13,358 10,116 164 150

Total liabilities 4,529,160 - 4,527,879 - 42,011 - 40,295 - 166,386 - 135,918 - 1,146,264 - 1,057,003 - 311,283 - 340,057 - 334,687 - 321,817

Equity 7,492,504 6,425,629 (16,509) - (15,380) 452,729 376,479 1,501,904 1,342,546 452,783 351,156 651,611 568,877
Total liabilities and equity 12,021,664 - 10,953,508 - 25,502 - 24,915 - 619,115 - 512,397 - 2,648,168 - 2,399,549 - 764,066 - 691,213 - 986,298 - 890,694
Difference between totals and sums of components is due to rounding off.

145
REGION III - CENTRAL LUZON
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TARLAC ZAMBALES CITIES


2015 2014 2015 2014 2015 2014

Assets

Current assets 130,477 - 115,549 - 109,536 - 98,806 - 1,219,951 - 1,108,578


Cash and cash equivalents 79,314 65,207 66,770 57,020 671,837 575,375
Short term investments 2 - - - - -
Receivables, net 35,137 30,216 22,956 23,144 357,356 364,924
Inventories, net 6,686 14,442 18,004 18,428 97,251 89,913
Prepayments and deferred charges 2,256 971 1,625 115 30,097 34,413
Others 7,082 4,713 181 99 63,410 43,953

Non-current assets 514,832 - 500,104 - 389,741 - 366,304 - 4,613,978 - 4,245,399


Long term receivables, net - - - - 12,648 12,628
Long term investments, net 102 104 9,063 9,039 118,588 98,037
Property, plant and equipment, net 498,745 488,342 375,573 354,163 4,461,641 4,117,417
Intangible assets 403 507 - - 1,712 11
Other assets 15,582 11,151 5,105 3,102 19,389 17,306

Total assets 645,309 - 615,653 - 499,277 - 465,110 - 5,833,929 - 5,353,977

Liabilities and equity

Current liabilities 41,746 - 36,563 - 45,393 - 52,398 - 512,221 - 524,702


Trade and non-trade payables 41,473 36,088 45,393 52,398 439,068 412,085
Others 273 475 - - 73,153 112,617

Non-current liabilities 182,738 - 212,062 - 143,467 - 127,060 - 1,602,964 - 1,680,004


Notes payable - - - - - -
Mortgage payable - - - - - -
Bonds payable - - - - - -
Loans and advances payable 172,694 202,183 128,709 119,969 1,499,528 1,622,060
Contract payable 1,532 1,367 4,089 - - -
Deferred credits - - 10,669 7,091 48,799 38,427
Others 8,512 8,512 - - 54,637 19,517

Total liabilities 224,484 - 248,625 - 188,860 - 179,458 - 2,115,185 - 2,204,706

Equity 420,825 367,028 310,417 285,652 3,718,744 3,149,271


Total liabilities and equity 645,309 - 615,653 - 499,277 - 465,110 - 5,833,929 - 5,353,977
Difference between totals and sums of components is due to rounding off.

146
REGION III - CENTRAL LUZON
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL AURORA BATAAN BULACAN NUEVA ECIJA PAMPANGA

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 5,443,318 5,138,016 4,631 3,951 304,576 280,209 1,329,643 1,227,651 352,813 310,597 409,342 372,792

Business and service income 5,342,677 5,083,648 4,625 3,850 303,935 279,691 1,309,004 1,200,546 349,060 306,437 407,732 371,198
Gains and premiums 1,317 593 - - 72 - 669 570 5 - - -
Others 99,324 53,775 6 101 569 518 19,970 26,535 3,748 4,160 1,610 1,594

Expenses 4,332,989 4,373,416 3,868 3,937 223,164 206,893 1,143,279 1,090,180 267,686 252,908 319,936 310,063

Personnel services 1,378,893 1,434,445 2,356 2,214 95,441 89,399 352,739 328,778 110,162 99,479 119,235 119,610
Maintenance and other operating expenses 2,718,526 2,617,529 1,482 1,723 123,164 108,188 731,258 691,177 142,446 128,783 188,118 172,194
Financial expenses 234,468 318,172 30 - 4,559 9,306 59,282 68,832 14,960 24,646 12,583 18,259
Others 1,102 3,270 - - - - - 1,393 118 - - -

Net income (loss) before subsidy 1,110,329 764,600 763 14 81,412 73,316 186,364 137,471 85,127 57,689 89,406 62,729

Add: Subsidy - - - - - - - - - - - -

Net income (loss) before tax 1,110,329 764,600 763 14 81,412 73,316 186,364 137,471 85,127 57,689 89,406 62,729

Income tax expense - - - - - - - - - - - -

Net income (loss) after tax 1,110,329 764,600 763 14 81,412 73,316 186,364 137,471 85,127 57,689 89,406 62,729
Difference between totals and sums of components is due to rounding off.

147
REGION III - CENTRAL LUZON
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TARLAC ZAMBALES CITIES

2015 2014 2015 2014 2015 2014

Income 277,766 252,879 180,947 164,228 2,583,600 2,525,709

Business and service income 276,811 252,465 179,721 162,909 2,511,789 2,506,552
Gains and premiums - - 49 23 522 -
Others 955 414 1,177 1,296 71,289 19,157

Expenses 224,740 210,393 149,719 147,418 2,000,597 2,151,624

Personnel services 72,844 65,012 61,660 62,456 564,456 667,497


Maintenance and other operating expenses 140,395 130,727 80,812 73,105 1,310,851 1,311,632
Financial expenses 11,501 14,392 7,247 10,326 124,306 172,411
Others - 262 - 1,531 984 84

Net income (loss) before subsidy 53,026 42,486 31,228 16,810 583,003 374,085

Add: Subsidy - - - - - -

Net income (loss) before tax 53,026 42,486 31,228 16,810 583,003 374,085

Income tax expense - - - - - -

Net income (loss) after tax 53,026 42,486 31,228 16,810 583,003 374,085
Difference between totals and sums of components is due to rounding off.

148
REGION III - CENTRAL LUZON
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
TOTAL AURORA BATAAN BULACAN NUEVA ECIJA PAMPANGA
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 659,739 695,034 101 101 18,585 17,602 71,980 71,980 3,080 3,080 164,116 193,957
Additions (Deductions) 4,103 (35,295) - - (5,233) 983 1,884 - - - 1,891 (29,841)

Government equity, end of period 663,842 659,739 101 101 13,352 18,585 73,864 71,980 3,080 3,080 166,007 164,116

Donated capital, beginning of period 247,574 215,656 432 432 14,550 14,550 32,717 32,717 10,204 10,204 2,942 2,632
Additions (Deductions) 34,944 31,918 - - 4,600 - 8,216 - - - 326 310

Donated capital, end of period 282,518 247,574 432 432 19,150 14,550 40,933 32,717 10,204 10,204 3,268 2,942

Appraisal capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Appraisal capital, end of period - - - - - - - - - - - -

Reserved/Restricted capital, beginning of period 49,014 47,104 - - - - 40,594 38,927 - - - -


Additions (Deductions) 58 1,910 - - - - 264 1,667 - - - -

Reserved/Restricted capital, end of period 49,072 49,014 - - - - 40,858 40,594 - - - -

Retained earnings, beginning of period 5,469,302 4,692,484 (15,913) (15,927) 343,344 273,935 1,197,255 1,065,475 337,872 302,217 401,819 340,265
Additions (Deductions) 1,027,770 776,818 (1,129) 14 76,883 69,409 148,994 131,780 101,627 35,655 80,517 61,554

Retained earnings, end of period 6,497,072 5,469,302 (17,042) (15,913) 420,227 343,344 1,346,249 1,197,255 439,499 337,872 482,336 401,819

Total equity 7,492,504 6,425,629 (16,509) (15,380) 452,729 376,479 1,501,904 1,342,546 452,783 351,156 651,611 568,877
Difference between totals and sums of components is due to rounding off.

149
REGION III - CENTRAL LUZON
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
TARLAC ZAMBALES CITIES
2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 36,956 36,956 38,931 38,931 325,990 332,427
Additions (Deductions) 909 - 4,652 - - (6,437)

Government equity, end of period 37,865 36,956 43,583 38,931 325,990 325,990

Donated capital, beginning of period 23,077 23,077 - - 163,652 132,044


Additions (Deductions) (5,000) - - - 26,802 31,608

Donated capital, end of period 18,077 23,077 - - 190,454 163,652

Appraisal capital, beginning of period - - - - - -


Additions (Deductions) - - - - - -

Appraisal capital, end of period - - - - - -

Reserved/Restricted capital, beginning of period 7,059 7,059 - - 1,361 1,118


Additions (Deductions) - - - - (206) 243

Reserved/Restricted capital, end of period 7,059 7,059 - - 1,155 1,361

Retained earnings, beginning of period 299,936 257,514 246,721 194,620 2,658,268 2,274,385
Additions (Deductions) 57,888 42,422 20,113 52,101 542,877 383,883

Retained earnings, end of period 357,824 299,936 266,834 246,721 3,201,145 2,658,268

Total equity 420,825 367,028 310,417 285,652 3,718,744 3,149,271


Difference between totals and sums of components is due to rounding off.

150
REGION III - CENTRAL LUZON
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL AURORA BATAAN BULACAN NUEVA ECIJA PAMPANGA

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 5,674,366 5,313,399 4,619 4,615 314,228 286,006 1,402,078 1,273,295 363,429 328,646 434,334 392,725
Cash outflows 4,198,738 4,160,627 4,198 4,758 228,567 208,963 1,169,736 1,123,014 275,493 237,896 311,137 308,118

Net cash provided by (used in) operating activities 1,475,628 1,152,772 421 (143) 85,661 77,043 232,342 150,281 87,936 90,750 123,197 84,607

Cash flows from investing activities


Cash inflows 111,514 72,515 - - 26,582 125 49,248 9,389 82 182 517 -
Cash outflows 997,606 811,157 - - 61,698 26,378 233,691 192,690 42,472 57,327 81,051 33,452

Net cash provided by (used in) investing activities (886,092) (738,642) - - (35,116) (26,253) (184,443) (183,301) (42,390) (57,145) (80,534) (33,452)

Cash flows from financing activities


Cash inflows 126,165 238,001 - - - - 90,183 158,401 4 12,911 63 1,337
Cash outflows 498,804 524,990 - - 31,045 27,500 105,587 103,499 26,224 37,952 17,890 19,727

Net cash provided by (used in) financing activities (372,639) (286,989) - - (31,045) (27,500) (15,404) 54,902 (26,220) (25,041) (17,827) (18,390)

Net increase (decrease) in cash and cash equivalents 216,897 127,141 421 (143) 19,500 23,290 32,495 21,882 19,326 8,564 24,836 32,765

Cash and cash equivalents, beginning of period 1,152,466 1,025,325 1,392 1,535 93,666 70,376 218,099 196,217 49,859 41,295 91,848 59,083

Cash and cash equivalents, end of period 1,369,363 1,152,466 1,813 1,392 113,166 93,666 250,594 218,099 69,185 49,859 116,684 91,848
Difference between totals and sums of components is due to rounding off.

151
REGION III - CENTRAL LUZON
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TARLAC ZAMBALES CITIES

2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 286,349 266,784 187,242 171,298 2,682,087 2,590,030
Cash outflows 207,633 198,153 139,836 132,081 1,862,138 1,947,644

Net cash provided by (used in) operating activities 78,716 68,631 47,406 39,217 819,949 642,386

Cash flows from investing activities


Cash inflows 6,162 13,021 - - 28,923 49,798
Cash outflows 43,702 51,466 24,786 20,273 510,206 429,571

Net cash provided by (used in) investing activities (37,540) (38,445) (24,786) (20,273) (481,283) (379,773)

Cash flows from financing activities


Cash inflows 49 19,142 1,450 1,866 34,416 44,344
Cash outflows 27,118 51,841 14,320 13,032 276,620 271,439

Net cash provided by (used in) financing activities (27,069) (32,699) (12,870) (11,166) (242,204) (227,095)

Net increase (decrease) in cash and cash equivalents 14,107 (2,513) 9,750 7,778 96,462 35,518

Cash and cash equivalents, beginning of period 65,207 67,720 57,020 49,242 575,375 539,857

Cash and cash equivalents, end of period 79,314 65,207 66,770 57,020 671,837 575,375
Difference between totals and sums of components is due to rounding off.

152
PROVINCE OF AURORA
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL BALER DIPACULAO


2015 2014 2015 2014 2015 2014

Assets

Current assets 3,864 3,224 1,942 1,548 1,922 1,676


Cash and cash equivalents 1,813 1,392 1,242 902 571 490
Short term investments - - - - - -
Receivables, net 1,991 1,708 653 516 1,338 1,192
Inventories, net 60 124 47 130 13 (6)
Prepayments and deferred charges - - - - - -
Others - - - - - -

Non-current assets 21,638 21,691 11,277 11,339 10,361 10,352


Long term receivables, net - - - - - -
Long term investments, net - - - - - -
Property, plant and equipment, net 21,622 21,675 11,261 11,323 10,361 10,352
Intangible assets - - - - - -
Other assets 16 16 16 16 - -

Total assets 25,502 24,915 13,219 12,887 12,283 12,028

Liabilities and equity

Current liabilities 17,834 16,350 9,123 7,660 8,711 8,690


Trade and non-trade payables 17,220 15,706 9,115 7,652 8,105 8,054
Others 614 644 8 8 606 636

Non-current liabilities 24,177 23,945 12,181 11,949 11,996 11,996


Notes payable - - - - - -
Mortgage payable - - - - - -
Bonds payable - - - - - -
Loans and advances payable 24,024 23,792 12,028 11,796 11,996 11,996
Contract payable - - - - - -
Deferred credits 153 153 153 153 - -
Others - - - - - -

Total liabilities 42,011 40,295 21,304 19,609 20,707 20,686

Equity (16,509) (15,380) (8,085) (6,722) (8,424) (8,658)


Total liabilities and equity 25,502 24,915 13,219 12,887 12,283 12,028
Difference between totals and sums of components is due to rounding off.

153
PROVINCE OF BATAAN
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL BAGAC DINALUPIHAN HERMOSA LIMAY MARIVELES


2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets

Current assets 143,756 126,168 2,497 2,005 46,409 34,710 19,037 17,479 10,630 16,843 42,146 34,812
Cash and cash equivalents 113,166 93,666 1,711 1,546 38,118 24,421 15,817 14,309 5,303 11,192 36,438 29,400
Short term investments - - - - - - - - - - - -
Receivables, net 17,153 18,844 661 403 4,858 6,475 2,528 2,032 3,118 3,153 2,376 2,127
Inventories, net 13,014 12,717 125 56 3,433 3,814 678 1,124 1,924 1,691 3,232 3,189
Prepayments and deferred charges 124 640 - - - - - - - 522 100 94
Others 299 301 - - - - 14 14 285 285 - 2

Non-current assets 475,359 386,229 9,073 8,242 121,611 114,980 39,340 33,514 57,719 44,555 106,322 83,312
Long term receivables, net - - - - - - - - - - - -
Long term investments, net 2,496 3,754 - - 1,471 1,456 - 580 - 694 1,025 1,024
Property, plant and equipment, net 466,172 378,907 8,800 7,900 116,988 111,449 38,434 32,934 56,061 43,607 104,911 81,391
Intangible assets 26 - - - - - - - - - - -
Other assets 6,665 3,568 273 342 3,152 2,075 906 - 1,658 254 386 897

Total assets 619,115 512,397 11,570 10,247 168,020 149,690 58,377 50,993 68,349 61,398 148,468 118,124

Liabilities and equity

Current liabilities 66,701 29,530 2,712 7,873 7,868 4,712 3,747 1,258 3,848 2,962 6,557 7,014
Trade and non-trade payables 62,906 28,431 2,712 7,873 5,429 4,675 2,872 603 3,848 2,962 6,348 6,877
Others 3,795 1,099 - - 2,439 37 875 655 - - 209 137

Non-current liabilities 99,685 106,388 4,970 - 43,782 40,924 19,764 22,039 17,521 19,112 - -
Notes payable - - - - - - - - - - - -
Mortgage payable - - - - - - - - - - - -
Bonds payable - 40,924 - - - 40,924 - - - - - -
Loans and advances payable 58,967 65,440 4,970 - 3,093 - 19,762 22,039 17,521 19,112 - -
Contract payable - - - - - - - - - - - -
Deferred credits 29 24 - - - - 2 - - - - -
Others 40,689 - - - 40,689 - - - - - - -

Total liabilities 166,386 135,918 7,682 7,873 51,650 45,636 23,511 23,297 21,369 22,074 6,557 7,014

Equity 452,729 376,479 3,888 2,374 116,370 104,054 34,866 27,696 46,980 39,324 141,911 111,110
Total liabilities and equity 619,115 512,397 11,570 10,247 168,020 149,690 58,377 50,993 68,349 61,398 148,468 118,124
Difference between totals and sums of components is due to rounding off.

154
PROVINCE OF BATAAN
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

MORONG ORANI ORION


2015 2014 2015 2014 2015 2014

Assets

Current assets 1,713 1,620 9,119 7,183 12,205 11,516


Cash and cash equivalents 1,041 320 4,588 3,700 10,150 8,778
Short term investments - - - - - -
Receivables, net 308 1,040 1,959 1,828 1,345 1,786
Inventories, net 364 260 2,572 1,655 686 928
Prepayments and deferred charges - - - - 24 24
Others - - - - - -

Non-current assets 10,075 10,236 119,560 82,063 11,659 9,327


Long term receivables, net - - - - - -
Long term investments, net - - - - - -
Property, plant and equipment, net 10,075 10,236 119,560 82,063 11,343 9,327
Intangible assets - - - - 26 -
Other assets - - - - 290 -

Total assets 11,788 11,856 128,679 89,246 23,864 20,843

Liabilities and equity

Current liabilities 1,342 1,586 39,164 2,706 1,463 1,419


Trade and non-trade payables 1,342 1,586 39,164 2,706 1,191 1,149
Others - - - - 272 270

Non-current liabilities 12,006 12,503 - 9,667 1,642 2,143


Notes payable - - - - - -
Mortgage payable - - - - - -
Bonds payable - - - - - -
Loans and advances payable 11,982 12,479 - 9,667 1,639 2,143
Contract payable - - - - - -
Deferred credits 24 24 - - 3 -
Others - - - - - -

Total liabilities 13,348 14,089 39,164 12,373 3,105 3,562

Equity (1,560) (2,233) 89,515 76,873 20,759 17,281


Total liabilities and equity 11,788 11,856 128,679 89,246 23,864 20,843
Difference between totals and sums of components is due to rounding off.

155
PROVINCE OF BULACAN
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL ANGAT BALAGTAS BALIUAG BOCAUE BULAKAN


2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets

Current assets 476,115 422,675 14,027 16,017 17,283 13,262 37,617 32,073 30,028 35,448 12,020 10,332
Cash and cash equivalents 250,594 218,099 6,799 8,984 12,718 8,178 7,330 4,449 18,357 22,645 6,993 5,395
Short term investments 3,826 3,710 - - - - - - 3,826 3,710 - -
Receivables, net 107,110 100,888 2,788 2,407 3,690 4,135 20,558 18,842 4,099 5,944 2,554 2,475
Inventories, net 75,432 64,613 1,218 1,405 339 390 8,695 8,053 2,134 1,530 2,440 2,446
Prepayments and deferred charges 21,346 21,159 3,132 3,131 39 39 1,034 729 1,584 1,591 33 16
Others 17,807 14,206 90 90 497 520 - - 28 28 - -

Non-current assets 2,172,053 1,976,874 60,623 51,805 151,635 147,798 334,574 286,520 110,118 95,458 95,327 85,358
Long term receivables, net 1,006 1,006 - - - - - - - - 1,006 1,006
Long term investments, net 59,334 60,945 840 840 4,794 4,078 2,427 3,645 - - 23,430 18,165
Property, plant and equipment, net 2,085,770 1,891,948 59,752 50,934 146,841 143,720 332,147 279,064 104,581 95,458 70,087 66,187
Intangible assets 253 4,064 - - - - - 3,811 - - - -
Other assets 25,690 18,911 31 31 - - - - 5,537 - 804 -

Total assets 2,648,168 2,399,549 74,650 67,822 168,918 161,060 372,191 318,593 140,146 130,906 107,347 95,690

Liabilities and equity

Current liabilities 252,147 205,739 6,376 4,012 5,794 4,649 10,370 7,362 16,696 16,810 6,458 8,846
Trade and non-trade payables 211,793 184,224 3,323 692 3,287 3,198 9,760 5,838 16,696 16,706 6,400 8,042
Others 40,354 21,515 3,053 3,320 2,507 1,451 610 1,524 - 104 58 804

Non-current liabilities 894,117 851,264 13,377 17,899 123,301 124,069 171,785 138,230 34,853 29,473 1,481 371
Notes payable - - - - - - - - - - - -
Mortgage payable 923 1,490 - - - - - - - - - -
Bonds payable - - - - - - - - - - - -
Loans and advances payable 860,970 820,396 13,377 17,899 123,301 124,069 164,559 130,210 33,655 28,349 - 371
Contract payable - - - - - - - - - - - -
Deferred credits 28,328 29,378 - - - - 7,226 8,020 1,198 1,124 - -
Others 3,896 - - - - - - - - - 1,481 -

Total liabilities 1,146,264 1,057,003 19,753 21,911 129,095 128,718 182,155 145,592 51,549 46,283 7,939 9,217

Equity 1,501,904 1,342,546 54,897 45,911 39,823 32,342 190,036 173,001 88,597 84,623 99,408 86,473
Total liabilities and equity 2,648,168 2,399,549 74,650 67,822 168,918 161,060 372,191 318,593 140,146 130,906 107,347 95,690
Difference between totals and sums of components is due to rounding off.

156
PROVINCE OF BULACAN
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

BUSTOS CALUMPIT HAGONOY MARILAO NORZAGARAY OBANDO


2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets

Current assets 19,743 16,828 57,782 54,002 26,742 21,319 29,100 21,800 32,174 16,842 9,001 9,438
Cash and cash equivalents 9,751 10,216 31,512 28,640 13,646 9,420 5,800 3,000 15,351 5,926 5,070 5,151
Short term investments - - - - - - - - - - - -
Receivables, net 3,875 4,140 14,820 14,514 9,083 8,028 17,900 14,000 6,066 5,983 2,398 2,937
Inventories, net 1,750 1,201 9,002 8,267 1,856 1,791 2,000 1,500 10,156 4,332 1,350 1,350
Prepayments and deferred charges 3 3 2,448 2,581 334 379 1,400 1,300 - - - -
Others 4,364 1,268 - - 1,823 1,701 2,000 2,000 601 601 183 -

Non-current assets 45,016 39,892 156,145 133,490 105,455 97,882 208,200 204,600 143,106 137,454 16,857 21,774
Long term receivables, net - - - - - - - - - - - -
Long term investments, net 716 10,895 6 - 814 513 3,500 2,900 1,000 1,000 479 -
Property, plant and equipment, net 39,363 25,120 156,139 133,490 104,187 96,915 200,600 201,400 139,342 133,690 16,378 21,412
Intangible assets 253 253 - - - - - - - - - -
Other assets 4,684 3,624 - - 454 454 4,100 300 2,764 2,764 - 362

Total assets 64,759 56,720 213,927 187,492 132,197 119,201 237,300 226,400 175,280 154,296 25,858 31,212

Liabilities and equity

Current liabilities 5,668 4,184 10,120 8,075 19,220 2,487 24,800 30,900 12,399 5,333 48,404 41,916
Trade and non-trade payables 2,048 1,893 6,251 3,999 4,044 2,399 20,500 28,000 12,310 4,629 48,404 41,916
Others 3,620 2,291 3,869 4,076 15,176 88 4,300 2,900 89 704 - -

Non-current liabilities 2,427 1,835 47,322 31,113 17,538 19,006 61,000 62,900 40,959 42,288 101,861 100,993
Notes payable - - - - - - - - - - - -
Mortgage payable - - - - - - - - - - - -
Bonds payable - - - - - - - - - - - -
Loans and advances payable - 1,826 44,041 27,430 17,483 18,951 61,000 62,900 40,899 42,228 86,338 85,470
Contract payable - - - - - - - - - - - -
Deferred credits 12 9 3,281 3,683 55 55 - - 60 60 15,523 15,523
Others 2,415 - - - - - - - - - - -

Total liabilities 8,095 6,019 57,442 39,188 36,758 21,493 85,800 93,800 53,358 47,621 150,265 142,909

Equity 56,664 50,701 156,485 148,304 95,439 97,708 151,500 132,600 121,922 106,675 (124,407) (111,697)
Total liabilities and equity 64,759 56,720 213,927 187,492 132,197 119,201 237,300 226,400 175,280 154,296 25,858 31,212
Difference between totals and sums of components is due to rounding off.

157
PROVINCE OF BULACAN
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

PANDI PLARIDEL SAN ILDEFONSO SAN MIGUEL SAN RAFAEL SANTA MARIA
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets

Current assets 7,006 3,656 36,259 33,479 19,107 17,992 25,068 18,565 24,301 20,520 78,857 81,102
Cash and cash equivalents 3,779 1,819 24,627 22,973 7,302 8,090 19,962 13,930 16,204 13,318 45,393 45,965
Short term investments - - - - - - - - - - - -
Receivables, net 2,402 1,395 2,322 2,309 5,811 4,843 1,871 1,985 3,612 3,452 3,261 3,499
Inventories, net 825 442 2,527 1,604 5,318 4,483 3,235 2,650 3,225 1,803 19,362 21,366
Prepayments and deferred charges - - 2,200 2,311 27 27 - - 174 782 8,938 8,270
Others - - 4,583 4,282 649 549 - - 1,086 1,165 1,903 2,002

Non-current assets 33,447 31,489 109,457 103,196 102,553 72,031 91,106 83,231 73,306 66,913 335,128 317,983
Long term receivables, net - - - - - - - - - - - -
Long term investments, net - - 9,177 9,106 - - 7,756 6,457 - - 4,395 3,346
Property, plant and equipment, net 33,447 31,489 99,862 93,666 102,513 65,762 79,154 74,527 72,766 66,404 328,611 312,710
Intangible assets - - - - - - - - - - - -
Other assets - - 418 424 40 6,269 4,196 2,247 540 509 2,122 1,927

Total assets 40,453 35,145 145,716 136,675 121,660 90,023 116,174 101,796 97,607 87,433 413,985 399,085

Liabilities and equity

Current liabilities 6,757 5,349 17,840 14,069 4,426 1,708 3,433 3,004 9,386 7,774 44,000 39,261
Trade and non-trade payables 6,757 5,349 16,555 12,915 1,647 1,503 2,813 2,315 7,318 5,885 43,680 38,945
Others - - 1,285 1,154 2,779 205 620 689 2,068 1,889 320 316

Non-current liabilities 23,687 21,569 6 6 35,156 19,637 16,595 17,345 23,016 26,742 179,753 197,788
Notes payable - - - - - - - - - - - -
Mortgage payable - - - - - - - - - - 923 1,490
Bonds payable - - - - - - - - - - - -
Loans and advances payable 23,687 21,569 - - 34,766 19,323 16,595 17,345 22,880 26,601 178,389 195,855
Contract payable - - - - - - - - - - - -
Deferred credits - - 6 6 390 314 - - 136 141 441 443
Others - - - - - - - - - - - -

Total liabilities 30,444 26,918 17,846 14,075 39,582 21,345 20,028 20,349 32,402 34,516 223,753 237,049

Equity 10,009 8,227 127,870 122,600 82,078 68,678 96,146 81,447 65,205 52,917 190,232 162,036
Total liabilities and equity 40,453 35,145 145,716 136,675 121,660 90,023 116,174 101,796 97,607 87,433 413,985 399,085
Difference between totals and sums of components is due to rounding off.

158
PROVINCE OF NUEVA ECIJA
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL BONGABON CABIAO CUYAPO GEN. NATIVIDAD GEN. TINIO


2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets

Current assets 123,197 95,595 4,214 3,377 13,059 9,552 6,114 4,407 1,617 1,667 15,255 10,977
Cash and cash equivalents 69,185 49,859 2,505 1,887 8,654 4,607 1,016 372 499 754 13,042 9,826
Short term investments - 447 - - - - - - - - - -
Receivables, net 38,132 30,700 718 739 2,813 2,595 5,000 3,930 400 394 1,613 728
Inventories, net 14,510 12,940 920 625 1,590 2,346 98 105 512 314 482 305
Prepayments and deferred charges 939 1,219 66 121 2 4 - - - - - -
Others 431 430 5 5 - - - - 206 205 118 118

Non-current assets 640,869 595,618 27,008 27,214 43,155 39,770 40,072 38,322 12,005 12,378 12,723 12,579
Long term receivables, net - - - - - - - - - - - -
Long term investments, net 6,259 6,035 - - 4,261 4,255 7 7 - - - -
Property, plant and equipment, net 624,736 574,086 26,892 27,047 38,758 35,515 40,065 38,315 12,005 12,378 12,723 12,579
Intangible assets - - - - - - - - - - - -
Other assets 9,874 15,497 116 167 136 - - - - - - -

Total assets 764,066 691,213 31,222 30,591 56,214 49,322 46,186 42,729 13,622 14,045 27,978 23,556

Liabilities and equity

Current liabilities 70,862 81,866 680 1,093 3,984 4,190 28,320 29,037 1,793 1,901 2,831 3,507
Trade and non-trade payables 63,852 76,150 680 1,093 3,984 4,190 28,275 29,036 1,793 1,901 2,786 3,467
Others 7,010 5,716 - - - - 45 1 - - 45 40

Non-current liabilities 240,421 258,191 13,657 17,208 7,570 7,629 - - 7,856 8,303 - -
Notes payable 5,215 4,583 - - - - - - - - - -
Mortgage payable - - - - - - - - - - - -
Bonds payable - - - - - - - - - - - -
Loans and advances payable 220,675 241,536 9,099 11,473 7,543 7,563 - - 7,856 8,303 - -
Contract payable - - - - - - - - - - - -
Deferred credits 1,173 1,956 6 - 27 66 - - - - - -
Others 13,358 10,116 4,552 5,735 - - - - - - - -

Total liabilities 311,283 340,057 14,337 18,301 11,554 11,819 28,320 29,037 9,649 10,204 2,831 3,507

Equity 452,783 351,156 16,885 12,290 44,660 37,503 17,866 13,692 3,973 3,841 25,147 20,049
Total liabilities and equity 764,066 691,213 31,222 30,591 56,214 49,322 46,186 42,729 13,622 14,045 27,978 23,556
Difference between totals and sums of components is due to rounding off.

159
PROVINCE OF NUEVA ECIJA
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

GUIMBA JAEN LICAB LUPAO PEARANDA SAN ANTONIO


2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets

Current assets 14,735 10,843 15,281 9,374 8,290 7,247 1,870 1,398 4,786 4,995 7,533 6,535
Cash and cash equivalents 2,938 1,861 8,115 4,625 6,272 5,207 974 264 3,598 3,474 4,313 3,715
Short term investments - - - - - - - - - 447 - -
Receivables, net 8,384 6,864 5,872 3,896 1,325 1,622 430 468 729 720 2,674 2,261
Inventories, net 3,311 2,016 1,294 853 683 395 466 666 441 344 546 559
Prepayments and deferred charges - - - - 10 23 - - 18 10 - -
Others 102 102 - - - - - - - - - -

Non-current assets 93,572 85,708 50,267 46,631 38,168 38,365 28,359 31,660 50,555 47,562 41,923 41,969
Long term receivables, net - - - - - - - - - - - -
Long term investments, net - - - - - - 298 162 804 723 - -
Property, plant and equipment, net 93,362 85,498 50,099 46,511 38,156 38,353 28,061 31,498 49,050 46,392 36,875 28,726
Intangible assets - - - - - - - - - - - -
Other assets 210 210 168 120 12 12 - - 701 447 5,048 13,243

Total assets 108,307 96,551 65,548 56,005 46,458 45,612 30,229 33,058 55,341 52,557 49,456 48,504

Liabilities and equity

Current liabilities 5,282 6,741 - - 1,945 11,919 1,435 668 778 873 4,696 4,415
Trade and non-trade payables 5,282 6,741 - - 1,945 11,919 457 668 478 713 4,696 4,415
Others - - - - - - 978 - 300 160 - -

Non-current liabilities 54,966 59,065 22,747 23,677 34,401 36,894 20,491 20,648 16,487 12,777 24,009 25,886
Notes payable - - 5,215 4,583 - - - - - - - -
Mortgage payable - - - - - - - - - - - -
Bonds payable - - - - - - - - - - - -
Loans and advances payable 54,518 58,617 16,971 18,170 34,401 36,893 20,433 20,600 12,068 12,775 24,009 25,886
Contract payable - - - - - - - - - - - -
Deferred credits 448 448 512 707 - - 58 48 122 2 - -
Others - - 49 217 - 1 - - 4,297 - - -

Total liabilities 60,248 65,806 22,747 23,677 36,346 48,813 21,926 21,316 17,265 13,650 28,705 30,301

Equity 48,059 30,745 42,801 32,328 10,112 (3,201) 8,303 11,742 38,076 38,907 20,751 18,203
Total liabilities and equity 108,307 96,551 65,548 56,005 46,458 45,612 30,229 33,058 55,341 52,557 49,456 48,504
Difference between totals and sums of components is due to rounding off.

160
PROVINCE OF NUEVA ECIJA
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

SANTA ROSA TALAVERA TALUGTUG


2015 2014 2015 2014 2015 2014

Assets

Current assets 12,390 10,523 16,152 12,835 1,901 1,865


Cash and cash equivalents 8,832 7,765 8,285 5,417 142 85
Short term investments - - - - - -
Receivables, net 2,726 1,988 4,747 3,879 701 616
Inventories, net 775 702 2,932 3,364 460 346
Prepayments and deferred charges 57 68 188 175 598 818
Others - - - - - -

Non-current assets 103,233 101,859 91,518 63,679 8,311 7,922


Long term receivables, net - - - - - -
Long term investments, net 889 888 - - - -
Property, plant and equipment, net 99,944 100,004 91,023 63,640 7,723 7,630
Intangible assets - - - - - -
Other assets 2,400 967 495 39 588 292

Total assets 115,623 112,382 107,670 76,514 10,212 9,787

Liabilities and equity

Current liabilities 8,769 7,381 8,199 7,817 2,150 2,324


Trade and non-trade payables 8,629 7,062 2,697 2,621 2,150 2,324
Others 140 319 5,502 5,196 - -

Non-current liabilities 31,207 38,278 - - 7,030 7,826


Notes payable - - - - - -
Mortgage payable - - - - - -
Bonds payable - - - - - -
Loans and advances payable 26,747 34,115 - - 7,030 7,141
Contract payable - - - - - -
Deferred credits - - - - - 685
Others 4,460 4,163 - - - -

Total liabilities 39,976 45,659 8,199 7,817 9,180 10,150

Equity 75,647 66,723 99,471 68,697 1,032 (363)


Total liabilities and equity 115,623 112,382 107,670 76,514 10,212 9,787
Difference between totals and sums of components is due to rounding off.

161
PROVINCE OF PAMPANGA
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL BACOLOR CANDABA FLORIDABLANCA GUAGUA LUBAO


2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets

Current assets 185,183 156,367 7,810 5,958 12,395 6,102 62,334 57,154 23,496 16,481 23,550 23,685
Cash and cash equivalents 116,684 91,848 5,471 3,541 8,023 2,485 46,172 41,612 13,867 7,449 16,562 17,366
Short term investments - - - - - - - - - - - -
Receivables, net 51,511 48,735 1,553 1,823 2,008 1,819 12,870 11,792 6,403 5,705 3,485 3,342
Inventories, net 13,581 12,299 - 103 1,647 1,081 2,348 2,114 3,133 3,327 3,349 2,945
Prepayments and deferred charges 1,028 1,745 - - 717 717 - 692 - - - -
Others 2,379 1,740 786 491 - - 944 944 93 - 154 32

Non-current assets 801,115 734,327 18,140 16,591 72,132 74,737 163,637 149,923 157,538 144,868 197,249 165,117
Long term receivables, net - - - - - - - - - - - -
Long term investments, net 10,889 8,550 - - - - 3 3 10,886 8,547 - -
Property, plant and equipment, net 766,598 703,207 18,140 16,536 72,132 74,737 159,985 146,211 141,783 131,598 197,085 164,955
Intangible assets - - - - - - - - - - - -
Other assets 23,628 22,570 - 55 - - 3,649 3,709 4,869 4,723 164 162

Total assets 986,298 890,694 25,950 22,549 84,527 80,839 225,971 207,077 181,034 161,349 220,799 188,802

Liabilities and equity

Current liabilities 89,573 62,439 73 197 16,941 15,333 16,854 15,628 13,183 6,031 13,111 5,361
Trade and non-trade payables 89,573 62,439 73 197 16,941 15,333 16,854 15,628 13,183 6,031 13,111 5,361
Others - - - - - - - - - - - -

Non-current liabilities 245,114 259,378 481 481 77,536 78,946 8,878 9,498 49,020 52,348 18,685 23,526
Notes payable - - - - - - - - - - - -
Mortgage payable - - - - - - - - - - - -
Bonds payable - - - - - - - - - - - -
Loans and advances payable 232,589 247,543 481 481 77,513 78,926 8,714 9,348 47,238 51,220 18,639 23,499
Contract payable - - - - - - - - - - - -
Deferred credits 12,361 11,685 - - 23 20 - - 1,782 1,128 46 27
Others 164 150 - - - - 164 150 - - - -

Total liabilities 334,687 321,817 554 678 94,477 94,279 25,732 25,126 62,203 58,379 31,796 28,887

Equity 651,611 568,877 25,396 21,871 (9,950) (13,440) 200,239 181,951 118,831 102,970 189,003 159,915
Total liabilities and equity 986,298 890,694 25,950 22,549 84,527 80,839 225,971 207,077 181,034 161,349 220,799 188,802
Difference between totals and sums of components is due to rounding off.

162
PROVINCE OF PAMPANGA
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

MACABEBE MASANTOL PORAC SANTA RITA SASMUAN


2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets

Current assets 14,586 16,258 3,730 3,360 27,917 19,669 1,876 1,688 7,489 6,012
Cash and cash equivalents 664 1,472 385 400 22,622 14,707 356 615 2,562 2,201
Short term investments - - - - - - - - - -
Receivables, net 12,974 13,656 3,345 2,960 4,106 3,960 463 489 4,304 3,189
Inventories, net 948 1,130 - - 1,189 1,002 404 35 563 562
Prepayments and deferred charges - - - - - - 311 336 - -
Others - - - - - - 342 213 60 60

Non-current assets 45,001 39,469 48,516 41,220 48,355 51,687 21,595 22,028 28,952 28,687
Long term receivables, net - - - - - - - - - -
Long term investments, net - - - - - - - - - -
Property, plant and equipment, net 37,669 32,144 48,516 41,220 44,777 48,235 21,595 22,028 24,916 25,543
Intangible assets - - - - - - - - - -
Other assets 7,332 7,325 - - 3,578 3,452 - - 4,036 3,144

Total assets 59,587 55,727 52,246 44,580 76,272 71,356 23,471 23,716 36,441 34,699

Liabilities and equity

Current liabilities 2,171 737 9,625 2,898 6,660 6,415 9,246 7,971 1,709 1,868
Trade and non-trade payables 2,171 737 9,625 2,898 6,660 6,415 9,246 7,971 1,709 1,868
Others - - - - - - - - - -

Non-current liabilities 20,775 22,637 25,668 26,083 20,544 21,444 20,155 20,571 3,372 3,844
Notes payable - - - - - - - - - -
Mortgage payable - - - - - - - - - -
Bonds payable - - - - - - - - - -
Loans and advances payable 20,775 22,637 25,668 26,083 20,544 21,444 9,645 10,061 3,372 3,844
Contract payable - - - - - - - - - -
Deferred credits - - - - - - 10,510 10,510 - -
Others - - - - - - - - - -

Total liabilities 22,946 23,374 35,293 28,981 27,204 27,859 29,401 28,542 5,081 5,712

Equity 36,641 32,353 16,953 15,599 49,068 43,497 (5,930) (4,826) 31,360 28,987
Total liabilities and equity 59,587 55,727 52,246 44,580 76,272 71,356 23,471 23,716 36,441 34,699
Difference between totals and sums of components is due to rounding off.

163
PROVINCE OF TARLAC
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL CAMILING CONCEPCION GERONA MAYANTOC MONCADA


2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets

Current assets 130,477 115,549 18,598 27,594 39,183 29,046 10,087 7,019 2,694 3,472 13,509 11,848
Cash and cash equivalents 79,314 65,207 13,029 17,995 25,655 18,161 6,870 4,241 1,622 2,351 3,786 2,649
Short term investments 2 - - - - - - - - - - -
Receivables, net 35,137 30,216 2,619 2,271 6,228 5,223 1,788 1,681 1,067 1,116 8,529 7,770
Inventories, net 6,686 14,442 83 5,741 1,254 1,728 1,425 1,093 - - 1,106 1,413
Prepayments and deferred charges 2,256 971 2,239 959 - - - - 5 5 - -
Others 7,082 4,713 628 628 6,046 3,934 4 4 - - 88 16

Non-current assets 514,832 500,104 112,492 101,261 119,920 116,913 49,843 45,738 8,125 7,673 40,220 39,487
Long term receivables, net - - - - - - - - - - - -
Long term investments, net 102 104 - - - - 102 102 - - - -
Property, plant and equipment, net 498,745 488,342 98,630 91,337 118,920 116,063 49,741 45,636 7,854 7,621 40,220 39,487
Intangible assets 403 507 403 507 - - - - - - - -
Other assets 15,582 11,151 13,459 9,417 1,000 850 - - 271 52 - -

Total assets 645,309 615,653 131,090 128,855 159,103 145,959 59,930 52,757 10,819 11,145 53,729 51,335

Liabilities and equity

Current liabilities 41,746 36,563 13,023 18,459 7,433 10,011 1,482 1,561 1,296 1,372 2,807 1,668
Trade and non-trade payables 41,473 36,088 13,023 18,459 7,160 9,536 1,482 1,561 1,296 1,372 2,807 1,668
Others 273 475 - - 273 475 - - - - - -

Non-current liabilities 182,738 212,062 20,909 22,649 19,713 23,017 17,361 18,199 7,669 7,762 21,022 17,690
Notes payable - - - - - - - - - - - -
Mortgage payable - - - - - - - - - - - -
Bonds payable - - - - - - - - - - - -
Loans and advances payable 172,694 202,183 20,909 22,649 19,713 23,017 9,830 10,668 7,669 7,762 21,022 17,690
Contract payable 1,532 1,367 - - - - - - - - - -
Deferred credits - - - - - - - - - - - -
Others 8,512 8,512 - - - - 7,531 7,531 - - - -

Total liabilities 224,484 248,625 33,932 41,108 27,146 33,028 18,843 19,760 8,965 9,134 23,829 19,358

Equity 420,825 367,028 97,158 87,747 131,957 112,931 41,087 32,997 1,854 2,011 29,900 31,977
Total liabilities and equity 645,309 615,653 131,090 128,855 159,103 145,959 59,930 52,757 10,819 11,145 53,729 51,335
Difference between totals and sums of components is due to rounding off.

164
PROVINCE OF TARLAC
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

PANIQUI RAMOS SANTA IGNACIA


2015 2014 2015 2014 2015 2014

Assets

Current assets 25,739 21,337 12,565 8,903 8,102 6,330


Cash and cash equivalents 13,375 11,221 10,364 5,514 4,613 3,075
Short term investments - - - - 2 -
Receivables, net 10,900 8,302 1,346 1,318 2,660 2,535
Inventories, net 1,464 1,814 576 1,977 778 676
Prepayments and deferred charges - - - - 12 7
Others - - 279 94 37 37

Non-current assets 134,141 140,772 26,264 23,591 23,827 24,669


Long term receivables, net - - - - - -
Long term investments, net - - - - - 2
Property, plant and equipment, net 134,113 140,764 26,264 23,591 23,003 23,843
Intangible assets - - - - - -
Other assets 28 8 - - 824 824

Total assets 159,880 162,109 38,829 32,494 31,929 30,999

Liabilities and equity

Current liabilities 12,943 2,085 1,255 275 1,507 1,132


Trade and non-trade payables 12,943 2,085 1,255 275 1,507 1,132
Others - - - - - -

Non-current liabilities 72,861 97,784 3,193 3,542 20,010 21,419


Notes payable - - - - - -
Mortgage payable - - - - - -
Bonds payable - - - - - -
Loans and advances payable 70,348 95,436 3,193 3,542 20,010 21,419
Contract payable 1,532 1,367 - - - -
Deferred credits - - - - - -
Others 981 981 - - - -

Total liabilities 85,804 99,869 4,448 3,817 21,517 22,551

Equity 74,076 62,240 34,381 28,677 10,412 8,448


Total liabilities and equity 159,880 162,109 38,829 32,494 31,929 30,999
Difference between totals and sums of components is due to rounding off.

165
PROVINCE OF ZAMBALES
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL CABANGAN CANDELARIA CASTILLEJOS IBA MASINLOC


2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets

Current assets 109,536 98,806 4,622 3,691 7,196 6,168 13,978 10,454 11,634 10,053 7,634 8,497
Cash and cash equivalents 66,770 57,020 3,228 2,384 2,366 1,343 8,732 6,131 9,345 7,568 2,582 3,242
Short term investments - - - - - - - - - - - -
Receivables, net 22,956 23,144 624 797 4,410 4,344 2,361 2,230 1,626 1,568 4,140 4,198
Inventories, net 18,004 18,428 770 510 410 475 1,285 2,093 613 867 912 1,057
Prepayments and deferred charges 1,625 115 - - 10 6 1,600 - - - - -
Others 181 99 - - - - - - 50 50 - -

Non-current assets 389,741 366,304 23,447 24,992 6,212 4,995 29,235 25,266 15,031 10,131 40,246 37,908
Long term receivables, net - - - - - - - - - - - -
Long term investments, net 9,063 9,039 1,441 1,854 - - 1,521 1,131 272 270 222 220
Property, plant and equipment, net 375,573 354,163 22,006 23,138 5,489 4,995 25,787 22,900 14,299 9,401 40,024 37,688
Intangible assets - - - - - - - - - - - -
Other assets 5,105 3,102 - - 723 - 1,927 1,235 460 460 - -

Total assets 499,277 465,110 28,069 28,683 13,408 11,163 43,213 35,720 26,665 20,184 47,880 46,405

Liabilities and equity

Current liabilities 45,393 52,398 499 5,520 8,328 8,017 1,427 2,294 1,687 2,063 6,926 7,062
Trade and non-trade payables 45,393 52,398 499 5,520 8,328 8,017 1,427 2,294 1,687 2,063 6,926 7,062
Others - - - - - - - - - - - -

Non-current liabilities 143,467 127,060 29,015 24,517 6,804 6,566 8,348 8,983 1,372 1,932 6,907 7,091
Notes payable - - - - - - - - - - - -
Mortgage payable - - - - - - - - - - - -
Bonds payable - - - - - - - - - - - -
Loans and advances payable 128,709 119,969 29,015 24,517 6,814 6,566 8,348 8,983 1,372 1,932 6,907 7,091
Contract payable 4,089 - - - - - - - - - - -
Deferred credits 10,669 7,091 - - (10) - - - - - - -
Others - - - - - - - - - - - -

Total liabilities 188,860 179,458 29,514 30,037 15,132 14,583 9,775 11,277 3,059 3,995 13,833 14,153

Equity 310,417 285,652 (1,445) (1,354) (1,724) (3,420) 33,438 24,443 23,606 16,189 34,047 32,252
Total liabilities and equity 499,277 465,110 28,069 28,683 13,408 11,163 43,213 35,720 26,665 20,184 47,880 46,405
Difference between totals and sums of components is due to rounding off.

166
PROVINCE OF ZAMBALES
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

PALAUIG SAN ANTONIO SAN FELIPE SAN MARCELINO SAN NARCISO SANTA CRUZ
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets

Current assets 5,477 4,675 4,879 4,698 13,881 12,502 14,136 11,314 1,145 1,181 835 681
Cash and cash equivalents 4,413 3,880 649 242 11,061 9,880 12,114 9,841 102 116 197 101
Short term investments - - - - - - - - - - - -
Receivables, net 222 136 3,094 3,159 1,045 1,179 903 737 736 742 495 470
Inventories, net 832 649 1,091 1,281 1,760 1,416 1,119 736 307 323 143 110
Prepayments and deferred charges - - - - 15 27 - - - - - -
Others 10 10 45 16 - - - - - - - -

Non-current assets 13,293 13,583 37,336 36,521 24,268 25,141 25,171 24,271 6,747 6,807 7,990 7,424
Long term receivables, net - - - - - - - - - - - -
Long term investments, net - - - - 626 625 294 262 - - 19 18
Property, plant and equipment, net 13,293 13,583 37,336 36,521 23,642 24,516 24,434 23,619 6,747 6,807 7,150 7,120
Intangible assets - - - - - - - - - - - -
Other assets - - - - - - 443 390 - - 821 286

Total assets 18,770 18,258 42,215 41,219 38,149 37,643 39,307 35,585 7,892 7,988 8,825 8,105

Liabilities and equity

Current liabilities 1,540 1,114 3,967 2,059 3,278 3,236 1,238 848 1,891 2,396 1,755 2,240
Trade and non-trade payables 1,540 1,114 3,967 2,059 3,278 3,236 1,238 848 1,891 2,396 1,755 2,240
Others - - - - - - - - - - - -

Non-current liabilities 7,904 7,911 30,841 32,020 9,616 2,169 10,083 11,503 24,686 24,054 218 314
Notes payable - - - - - - - - - - - -
Mortgage payable - - - - - - - - - - - -
Bonds payable - - - - - - - - - - - -
Loans and advances payable 7,904 7,911 23,752 24,931 9,610 2,167 10,083 11,503 24,686 24,054 218 314
Contract payable - - - - - - - - - - - -
Deferred credits - - 7,089 7,089 6 2 - - - - - -
Others - - - - - - - - - - - -

Total liabilities 9,444 9,025 34,808 34,079 12,894 5,405 11,321 12,351 26,577 26,450 1,973 2,554

Equity 9,326 9,233 7,407 7,140 25,255 32,238 27,986 23,234 (18,685) (18,462) 6,852 5,551
Total liabilities and equity 18,770 18,258 42,215 41,219 38,149 37,643 39,307 35,585 7,892 7,988 8,825 8,105
Difference between totals and sums of components is due to rounding off.

167
PROVINCE OF ZAMBALES
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

SUBIC
2015 2014

Assets

Current assets 24,119 24,892


Cash and cash equivalents 11,981 12,292
Short term investments - -
Receivables, net 3,300 3,584
Inventories, net 8,762 8,911
Prepayments and deferred charges - 82
Others 76 23

Non-current assets 160,765 149,265


Long term receivables, net - -
Long term investments, net 4,668 4,659
Property, plant and equipment, net 155,366 143,875
Intangible assets - -
Other assets 731 731

Total assets 184,884 174,157

Liabilities and equity

Current liabilities 12,857 15,549


Trade and non-trade payables 12,857 15,549
Others - -

Non-current liabilities 7,673 -


Notes payable - -
Mortgage payable - -
Bonds payable - -
Loans and advances payable - -
Contract payable 4,089 -
Deferred credits 3,584 -
Others - -

Total liabilities 20,530 15,549

Equity 164,354 158,608


Total liabilities and equity 184,884 174,157
Difference between totals and sums of components is due to rounding off.

168
CITIES OF REGION III - CENTRAL LUZON
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL ANGELES BALANGA CABANATUAN GAPAN MABALACAT


2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets

Current assets 1,219,951 - 1,108,578 - 181,967 - 182,011 - 21,201 - 28,950 - 152,274 - 158,016 - 35,687 - 29,674 - 101,044 - 89,365 -

Cash and cash equivalents 671,837 575,375 71,446 - 88,411 - 10,880 - 17,375 - 33,659 - 61,180 - 24,436 - 19,530 - 71,113 - 59,127 -

Short term investments - - - - - - - - - - - - - - - - - - - - - -

Receivables, net 357,356 364,924 94,897 - 81,951 - 6,733 - 5,514 - 48,550 - 45,902 - 8,950 - 7,246 - 21,537 - 21,165 -

Inventories, net 97,251 89,913 15,624 - 11,649 - 3,588 - 6,061 - 19,542 - 11,708 - 1,822 - 2,678 - 6,938 - 8,042 -

Prepayments and deferred charges 30,097 34,413 - - - - - - - - 5,733 - 2,369 - - - - - 744 - 319 -

Others 63,410 43,953 - - - - - - - - 44,790 - 36,857 - 479 - 220 - 712 - 712 -

Non-current assets 4,613,978 - 4,245,399 - 552,074 - 487,702 - 72,738 - 52,640 - 804,054 - 693,558 - 82,146 - 72,441 - 545,417 - 517,597 -

Long term receivables, net 12,648 12,628 - - - - - - - - - - - - - - - - - - - -

Long term investments, net 118,588 98,037 13 - 8 - 1,947 - 1,703 - 108,310 - 90,342 - 28 - 28 - - - - -

Property, plant and equipment, net 4,461,641 4,117,417 543,363 - 479,960 - 69,396 - 49,576 - 692,683 - 601,260 - 82,107 - 72,402 - 545,261 - 517,441 -

Intangible assets 1,712 11 - - - - - - - - - - - - 11 - 11 - - - - -

Other assets 19,389 17,306 8,698 - 7,734 - 1,395 - 1,361 - 3,061 - 1,956 - - - - - 156 - 156 -

Total assets 5,833,929 - 5,353,977 - 734,041 - 669,713 - 93,939 - 81,590 - 956,328 - 851,574 - 117,833 - 102,115 - 646,461 - 606,962 -

Liabilities and equity

Current liabilities 512,221 - 524,702 - 91,461 - 77,288 - 3,691 - 4,431 - 57,202 - 51,717 - 595 - 797 - 35,527 - 34,219 -

Trade and non-trade payables 439,068 412,085 90,685 - 75,881 - 1,824 - 2,652 - 49,706 - 48,375 - 595 - 797 - 35,527 - 34,219 -

Others 73,153 112,617 776 - 1,407 - 1,867 - 1,779 - 7,496 - 3,342 - - - - - - - - -

Non-current liabilities 1,602,964 - 1,680,004 - 199,612 - 219,366 - 18,452 - 19,218 - 137,025 - 118,399 - 6,181 - 7,251 - 150,114 - 158,522 -

Notes payable - - - - - - - - - - - - - - - - - - - - - -

Mortgage payable - - - - - - - - - - - - - - - - - - - - - -

Bonds payable - - - - - - - - - - - - - - - - - - - - - -

Loans and advances payable 1,499,528 1,622,060 191,896 - 219,023 - 1,004 - - - 91,450 - 114,274 - 5,979 - 7,251 - 147,106 - 155,536 -

Contract payable - - - - - - - - - - - - - - - - - - - - - -

Deferred credits 48,799 38,427 7,716 - 343 - 29 - 25 - 10,570 - 3,801 - 202 - - - 3,008 - 2,986 -

Others 54,637 19,517 - - - - 17,419 - 19,193 - 35,005 - 324 - - - - - - - - -

Total liabilities 2,115,185 - 2,204,706 - 291,073 - 296,654 - 22,143 - 23,649 - 194,227 - 170,116 - 6,776 - 8,048 - 185,641 - 192,741 -

Equity 3,718,744 3,149,271 442,968 - 373,059 - 71,796 - 57,941 - 762,101 - 681,458 - 111,057 - 94,067 - 460,820 - 414,221 -

Total liabilities and equity 5,833,929 - 5,353,977 - 734,041 - 669,713 - 93,939 - 81,590 - 956,328 - 851,574 - 117,833 - 102,115 - 646,461 - 606,962 -

Difference between totals and sums of components is due to rounding off.

169
CITIES OF REGION III - CENTRAL LUZON
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

MALOLOS MEYCAUAYAN MUOZ SAN FERNANDO SAN JOSE SAN JOSE DEL MONTE
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets

Current assets 146,600 - 102,655 - 23,628 - 24,147 - 13,607 - 11,137 - 126,905 - 96,578 - 26,857 - 30,687 - 293,181 - 257,709 -

Cash and cash equivalents 111,887 - 69,276 - 4,248 - 4,622 - 9,882 - 7,368 - 83,215 - 46,224 - 18,447 - 20,778 - 158,334 - 122,162 -

Short term investments - - - - - - - - - - - - - - - - - - - - - - - -

Receivables, net 25,321 - 26,221 - 10,749 - 11,024 - 2,260 - 1,934 - 34,174 - 38,267 - 6,276 - 7,153 - 89,257 - 92,780 -

Inventories, net 4,661 - 2,165 - 5,357 - 5,348 - 1,465 - 1,835 - 9,132 - 10,386 - 1,730 - 2,545 - 27,392 - 21,701 -

Prepayments and deferred charges 4,731 - 4,993 - - - - - - - - - 384 - 1,701 - 307 - 114 - 18,198 - 21,066 -

Others - - - - 3,274 - 3,153 - - - - - - - - - 97 - 97 - - - - -

Non-current assets 160,987 - 164,214 - 87,854 - 80,319 - 53,932 - 50,061 - 398,018 - 369,223 - 65,714 - 62,559 - 1,366,705 - 1,261,662 -

Long term receivables, net 12,648 - 12,628 - - - - - - - - - - - - - - - - - - - - -

Long term investments, net - - - - 6 - 6 - 8,039 - 4,859 - 2 - 2 - 243 - 1,089 - - - - -

Property, plant and equipment, net 148,339 - 151,586 - 87,848 - 80,313 - 45,650 - 45,128 - 398,016 - 369,221 - 61,186 - 57,286 - 1,364,885 - 1,260,645 -

Intangible assets - - - - - - - - - - - - - - - - - - - - 1,701 - - -

Other assets - - - - - - - - 243 - 74 - - - - - 4,285 - 4,184 - 119 - 1,017 -

Total assets 307,587 - 266,869 - 111,482 - 104,466 - 67,539 - 61,198 - 524,923 - 465,801 - 92,571 - 93,246 - 1,659,886 - 1,519,371 -

Liabilities and equity

Current liabilities 17,599 - 19,699 - 49,196 - 47,561 - 1,768 - 2,751 - 45,325 - 30,752 - 4,981 - 5,760 - 173,302 - 184,174 -

Trade and non-trade payables 17,599 - 19,699 - 47,101 - 40,065 - 1,768 - 2,751 - 44,439 - 29,348 - 4,978 - 5,761 - 116,482 - 94,533 -

Others - - - - 2,095 - 7,496 - - - - - 886 - 1,404 - 3 - (1) - 56,820 - 89,641 -

Non-current liabilities (834) - (1,384) - 46,226 - 49,674 - 8,916 - 7,429 - 217,778 - 207,497 - 19,609 - 28,596 - 567,961 - 615,431 -

Notes payable - - - - - - - - - - - - - - - - - - - - - - - -

Mortgage payable - - - - - - - - - - - - - - - - - - - - - - - -

Bonds payable - - - - - - - - - - - - - - - - - - - - - - - -

Loans and advances payable - - - - 45,346 - 48,794 - 6,669 - 7,395 - 217,778 - 207,497 - 19,609 - 28,596 - 565,932 - 608,215 -

Contract payable - - - - - - - - - - - - - - - - - - - - - - - -

Deferred credits (834) - (1,384) - 880 - 880 - 34 - 34 - - - - - - - - - 2,029 - 7,216 -

Others - - - - - - - - 2,213 - - - - - - - - - - - - - - -

Total liabilities 16,765 - 18,315 - 95,422 - 97,235 - 10,684 - 10,180 - 263,103 - 238,249 - 24,590 - 34,356 - 741,263 - 799,605 -

Equity 290,822 - 248,554 - 16,060 - 7,231 - 56,855 - 51,018 - 261,820 - 227,552 - 67,981 - 58,890 - 918,623 - 719,766 -

Total liabilities and equity 307,587 - 266,869 - 111,482 - 104,466 - 67,539 - 61,198 - 524,923 - 465,801 - 92,571 - 93,246 - 1,659,886 - 1,519,371 -

Difference between totals and sums of components is due to rounding off.

170
CITIES OF REGION III - CENTRAL LUZON
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TARLAC
2015 2014

Assets

Current assets 97,000 - 97,649


Cash and cash equivalents 74,290 - 59,322
Short term investments - - -
Receivables, net 8,652 - 25,767
Inventories, net - - 5,795
Prepayments and deferred charges - - 3,851
Others 14,058 - 2,914

Non-current assets 424,339 - 433,423


Long term receivables, net - - -
Long term investments, net - - -
Property, plant and equipment, net 422,907 - 432,599
Intangible assets - - -
Other assets 1,432 - 824

Total assets 521,339 - 531,072

Liabilities and equity

Current liabilities 31,574 - 65,553


Trade and non-trade payables 28,364 - 58,004
Others 3,210 - 7,549

Non-current liabilities 231,924 - 250,005


Notes payable - - -
Mortgage payable - - -
Bonds payable - - -
Loans and advances payable 206,759 - 225,479
Contract payable - - -
Deferred credits 25,165 - 24,526
Others - - -

Total liabilities 263,498 - 315,558

Equity 257,841 - 215,514


Total liabilities and equity 521,339 - 531,072
Difference between totals and sums of components is due to rounding off.

171
PROVINCE OF AURORA
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL BALER DIPACULAO

2015 2014 2015 2014 2015 2014

Income 4,631 3,951 2,466 2,276 2,165 1,675

Business and service income 4,625 3,850 2,460 2,274 2,165 1,576
Gains and premiums - - - - - -
Others 6 101 6 2 - 99

Expenses 3,868 3,937 1,937 2,177 1,931 1,760

Personnel services 2,356 2,214 1,205 1,178 1,151 1,036


Maintenance and other operating expenses 1,482 1,723 702 999 780 724
Financial expenses 30 - 30 - - -
Others - - - - - -

Net income (loss) before subsidy 763 14 529 99 234 (85)

Add: Subsidy - - - - - -

Net income (loss) before tax 763 14 529 99 234 (85)

Income tax expense - - - - - -

Net income (loss) after tax 763 14 529 99 234 (85)


Difference between totals and sums of components is due to rounding off.

172
PROVINCE OF BATAAN
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL BAGAC DINALUPIHAN HERMOSA LIMAY MARIVELES

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 304,576 280,209 9,208 8,601 68,571 66,544 25,898 22,515 46,126 43,983 74,671 67,616

Business and service income 303,935 279,691 9,150 8,599 68,450 66,417 25,803 22,332 46,090 43,953 74,412 67,496
Gains and premiums 72 - 55 - 8 - - - - - - -
Others 569 518 3 2 113 127 95 183 36 30 259 120

Expenses 223,164 206,893 8,016 7,521 48,737 45,378 17,623 16,636 38,164 33,765 48,112 47,207

Personnel services 95,441 89,399 4,031 3,862 18,467 16,595 6,337 6,763 15,845 14,294 20,216 20,994
Maintenance and other operating expenses 123,164 108,188 3,717 3,338 28,118 25,253 11,286 7,478 20,968 17,521 27,896 26,213
Financial expenses 4,559 9,306 268 321 2,152 3,530 - 2,395 1,351 1,950 - -
Others - - - - - - - - - - - -

Net income (loss) before subsidy 81,412 73,316 1,192 1,080 19,834 21,166 8,275 5,879 7,962 10,218 26,559 20,409

Add: Subsidy - - - - - - - - - - - -

Net income (loss) before tax 81,412 73,316 1,192 1,080 19,834 21,166 8,275 5,879 7,962 10,218 26,559 20,409

Income tax expense - - - - - - - - - - - -

Net income (loss) after tax 81,412 73,316 1,192 1,080 19,834 21,166 8,275 5,879 7,962 10,218 26,559 20,409
Difference between totals and sums of components is due to rounding off.

173
PROVINCE OF BATAAN
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

MORONG ORANI ORION

2015 2014 2015 2014 2015 2014

Income 6,619 5,290 51,618 44,707 21,865 20,953

Business and service income 6,606 5,282 51,614 44,703 21,810 20,909
Gains and premiums - - - - 9 -
Others 13 8 4 4 46 44

Expenses 5,395 4,477 39,035 35,570 18,082 16,339

Personnel services 1,867 1,353 18,942 17,028 9,736 8,510


Maintenance and other operating expenses 3,379 2,936 19,629 17,853 8,171 7,596
Financial expenses 149 188 464 689 175 233
Others - - - - - -

Net income (loss) before subsidy 1,224 813 12,583 9,137 3,783 4,614

Add: Subsidy - - - - - -

Net income (loss) before tax 1,224 813 12,583 9,137 3,783 4,614

Income tax expense - - - - - -

Net income (loss) after tax 1,224 813 12,583 9,137 3,783 4,614
Difference between totals and sums of components is due to rounding off.

174
PROVINCE OF BULACAN
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL ANGAT BALAGTAS BALIUAG BOCAUE BULAKAN

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 1,329,643 1,227,651 41,448 37,344 21,645 20,401 161,121 148,544 63,883 64,097 52,744 50,745

Business and service income 1,309,004 1,200,546 40,423 37,344 21,640 20,401 160,236 148,221 63,476 63,386 51,182 49,303
Gains and premiums 669 570 - - - - 259 45 333 502 - 23
Others 19,970 26,535 1,025 - 5 - 626 278 74 209 1,562 1,419

Expenses 1,143,279 1,090,180 32,796 31,822 13,854 14,154 140,962 140,003 58,571 56,701 41,994 41,208

Personnel services 352,739 328,778 12,919 11,385 4,420 4,441 49,241 44,222 22,372 21,450 18,142 16,731
Maintenance and other operating expenses 731,258 691,177 18,475 18,190 8,860 8,960 81,720 87,225 34,600 33,182 23,852 24,477
Financial expenses 59,282 68,832 1,402 2,247 574 753 10,001 8,556 1,599 2,069 - -
Others - 1,393 - - - - - - - - - -

Net income (loss) before subsidy 186,364 137,471 8,652 5,522 7,791 6,247 20,159 8,541 5,312 7,396 10,750 9,537

Add: Subsidy - - - - - - - - - - - -

Net income (loss) before tax 186,364 137,471 8,652 5,522 7,791 6,247 20,159 8,541 5,312 7,396 10,750 9,537

Income tax expense - - - - - - - - - - - -

Net income (loss) after tax 186,364 137,471 8,652 5,522 7,791 6,247 20,159 8,541 5,312 7,396 10,750 9,537
Difference between totals and sums of components is due to rounding off.

175
PROVINCE OF BULACAN
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

BUSTOS CALUMPIT HAGONOY MARILAO NORZAGARAY OBANDO

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 38,658 37,168 111,858 108,751 101,135 96,825 178,100 158,200 87,414 88,664 65,093 67,110

Business and service income 38,565 37,023 108,273 105,963 101,087 96,790 173,400 156,700 86,193 73,790 64,990 67,075
Gains and premiums - - - - - - - - - - 77 -
Others 93 145 3,585 2,788 48 35 4,700 1,500 1,221 14,874 26 35

Expenses 31,998 30,684 97,710 95,698 86,163 89,130 166,200 158,800 71,291 67,124 77,803 80,972

Personnel services 14,642 13,974 41,774 38,310 40,974 45,924 26,800 26,500 13,181 11,999 10,803 11,332
Maintenance and other operating expenses 17,356 16,710 51,314 51,088 43,840 41,968 134,000 125,000 55,152 50,027 60,380 59,346
Financial expenses - - 4,622 4,907 1,349 1,238 5,400 7,300 2,958 5,098 6,620 10,294
Others - - - 1,393 - - - - - - - -

Net income (loss) before subsidy 6,660 6,484 14,148 13,053 14,972 7,695 11,900 (600) 16,123 21,540 (12,710) (13,862)

Add: Subsidy - - - - - - - - - - - -

Net income (loss) before tax 6,660 6,484 14,148 13,053 14,972 7,695 11,900 (600) 16,123 21,540 (12,710) (13,862)

Income tax expense - - - - - - - - - - - -

Net income (loss) after tax 6,660 6,484 14,148 13,053 14,972 7,695 11,900 (600) 16,123 21,540 (12,710) (13,862)
Difference between totals and sums of components is due to rounding off.

176
PROVINCE OF BULACAN
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

PANDI PLARIDEL SAN ILDEFONSO SAN MIGUEL SAN RAFAEL SANTA MARIA

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 26,551 18,102 50,993 46,902 48,872 42,822 48,181 42,315 49,597 46,229 182,350 153,432

Business and service income 26,033 17,631 50,203 46,254 48,783 42,754 46,934 41,281 49,071 46,229 178,515 150,401
Gains and premiums - - - - - - - - - - - -
Others 518 471 790 648 89 68 1,247 1,034 526 - 3,835 3,031

Expenses 18,934 14,198 44,250 43,718 36,033 30,876 33,482 31,385 37,243 36,646 153,995 127,061

Personnel services 8,515 4,834 16,354 18,021 12,421 10,227 11,457 10,415 15,260 14,154 33,464 24,859
Maintenance and other operating expenses 8,834 6,993 27,890 25,690 21,641 19,174 20,947 19,351 19,820 19,445 102,577 84,351
Financial expenses 1,585 2,371 6 7 1,971 1,475 1,078 1,619 2,163 3,047 17,954 17,851
Others - - - - - - - - - - - -

Net income (loss) before subsidy 7,617 3,904 6,743 3,184 12,839 11,946 14,699 10,930 12,354 9,583 28,355 26,371

Add: Subsidy - - - - - - - - - - - -

Net income (loss) before tax 7,617 3,904 6,743 3,184 12,839 11,946 14,699 10,930 12,354 9,583 28,355 26,371

Income tax expense - - - - - - - - - - - -

Net income (loss) after tax 7,617 3,904 6,743 3,184 12,839 11,946 14,699 10,930 12,354 9,583 28,355 26,371
Difference between totals and sums of components is due to rounding off.

177
PROVINCE OF NUEVA ECIJA
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL BONGABON CABIAO CUYAPO GEN. NATIVIDAD GEN. TINIO

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 352,813 310,597 18,076 16,035 35,569 31,624 18,330 16,782 6,254 5,650 16,502 15,429

Business and service income 349,060 306,437 18,072 16,032 35,561 31,619 18,329 16,782 6,254 5,649 16,381 15,341
Gains and premiums 5 - - - - - - - - - - -
Others 3,748 4,160 4 3 8 5 1 - - 1 121 88

Expenses 267,686 252,908 13,443 12,027 27,685 25,366 14,143 14,048 5,702 5,454 12,226 11,799

Personnel services 110,162 99,479 3,608 3,193 15,979 14,874 4,737 4,404 2,200 2,033 5,656 5,432
Maintenance and other operating expenses 142,446 128,783 8,611 7,473 11,067 9,751 8,258 7,816 3,502 3,421 6,436 6,069
Financial expenses 14,960 24,646 1,106 1,361 639 741 1,148 1,828 - - 134 298
Others 118 - 118 - - - - - - - - -

Net income (loss) before subsidy 85,127 57,689 4,633 4,008 7,884 6,258 4,187 2,734 552 196 4,276 3,630

Add: Subsidy - - - - - - - - - - - -

Net income (loss) before tax 85,127 57,689 4,633 4,008 7,884 6,258 4,187 2,734 552 196 4,276 3,630

Income tax expense - - - - - - - - - - - -

Net income (loss) after tax 85,127 57,689 4,633 4,008 7,884 6,258 4,187 2,734 552 196 4,276 3,630
Difference between totals and sums of components is due to rounding off.

178
PROVINCE OF NUEVA ECIJA
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

GUIMBA JAEN LICAB LUPAO PEARANDA SAN ANTONIO

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 55,385 46,828 32,082 25,977 8,902 7,426 5,218 4,273 23,126 21,796 26,799 25,614

Business and service income 53,669 45,328 31,522 25,373 8,882 7,414 5,215 4,272 22,918 21,550 25,780 24,022
Gains and premiums - - - - - - - - - - - -
Others 1,716 1,500 560 604 20 12 3 1 208 246 1,019 1,592

Expenses 38,056 37,619 22,556 19,262 6,945 6,838 5,422 4,990 20,275 18,017 17,568 21,448

Personnel services 16,287 14,044 9,355 7,946 2,158 2,097 1,727 2,011 10,062 8,670 7,739 7,372
Maintenance and other operating expenses 17,457 16,293 11,764 9,050 3,330 3,176 3,242 2,472 9,845 8,840 7,863 8,159
Financial expenses 4,312 7,282 1,437 2,266 1,457 1,565 453 507 368 507 1,966 5,917
Others - - - - - - - - - - - -

Net income (loss) before subsidy 17,329 9,209 9,526 6,715 1,957 588 (204) (717) 2,851 3,779 9,231 4,166

Add: Subsidy - - - - - - - - - - - -

Net income (loss) before tax 17,329 9,209 9,526 6,715 1,957 588 (204) (717) 2,851 3,779 9,231 4,166

Income tax expense - - - - - - - - - - - -

Net income (loss) after tax 17,329 9,209 9,526 6,715 1,957 588 (204) (717) 2,851 3,779 9,231 4,166
Difference between totals and sums of components is due to rounding off.

179
PROVINCE OF NUEVA ECIJA
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

SANTA ROSA TALAVERA TALUGTUG

2015 2014 2015 2014 2015 2014

Income 50,566 43,137 50,039 44,768 5,965 5,258

Business and service income 50,507 43,045 50,005 44,752 5,965 5,258
Gains and premiums 2 - 3 - - -
Others 57 92 31 16 - -

Expenses 41,995 36,357 36,278 33,990 5,392 5,693

Personnel services 15,426 13,362 12,929 11,796 2,299 2,245


Maintenance and other operating expenses 24,861 21,401 23,349 22,194 2,861 2,668
Financial expenses 1,708 1,594 - - 232 780
Others - - - - - -

Net income (loss) before subsidy 8,571 6,780 13,761 10,778 573 (435)

Add: Subsidy - - - - - -

Net income (loss) before tax 8,571 6,780 13,761 10,778 573 (435)

Income tax expense - - - - - -

Net income (loss) after tax 8,571 6,780 13,761 10,778 573 (435)
Difference between totals and sums of components is due to rounding off.

180
PROVINCE OF PAMPANGA
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL BACOLOR CANDABA FLORIDABLANCA GUAGUA LUBAO

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 409,342 372,792 16,326 12,848 31,648 28,049 91,369 82,190 81,707 74,141 89,283 80,929

Business and service income 407,732 371,198 16,326 12,848 31,637 27,985 90,829 81,784 80,958 73,229 89,178 80,844
Gains and premiums - - - - - - - - - - - -
Others 1,610 1,594 - - 11 64 540 406 749 912 105 85

Expenses 319,936 310,063 10,488 8,631 25,651 26,799 73,007 69,103 65,842 69,156 58,294 56,658

Personnel services 119,235 119,610 3,641 3,002 6,980 6,567 35,445 34,133 26,387 29,638 20,560 21,815
Maintenance and other operating expenses 188,118 172,194 6,847 5,629 12,788 12,235 37,558 34,966 37,444 36,850 36,575 33,296
Financial expenses 12,583 18,259 - - 5,883 7,997 4 4 2,011 2,668 1,159 1,547
Others - - - - - - - - - - - -

Net income (loss) before subsidy 89,406 62,729 5,838 4,217 5,997 1,250 18,362 13,087 15,865 4,985 30,989 24,271

Add: Subsidy - - - - - - - - - - - -

Net income (loss) before tax 89,406 62,729 5,838 4,217 5,997 1,250 18,362 13,087 15,865 4,985 30,989 24,271

Income tax expense - - - - - - - - - - - -

Net income (loss) after tax 89,406 62,729 5,838 4,217 5,997 1,250 18,362 13,087 15,865 4,985 30,989 24,271
Difference between totals and sums of components is due to rounding off.

181
PROVINCE OF PAMPANGA
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

MACABEBE MASANTOL PORAC SANTA RITA SASMUAN

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 29,816 28,767 19,929 21,388 30,642 27,672 4,610 3,780 14,012 13,028

Business and service income 29,723 28,669 19,929 21,387 30,583 27,667 4,585 3,780 13,984 13,005
Gains and premiums - - - - - - - - - -
Others 93 98 - 1 59 5 25 - 28 23

Expenses 25,528 25,548 18,575 14,146 24,892 21,737 6,040 5,590 11,619 12,695

Personnel services 7,451 6,574 4,677 3,561 8,346 7,185 1,351 1,282 4,397 5,853
Maintenance and other operating expenses 17,090 17,540 13,227 8,681 16,181 14,070 3,469 2,407 6,939 6,520
Financial expenses 987 1,434 671 1,904 365 482 1,220 1,901 283 322
Others - - - - - - - - - -

Net income (loss) before subsidy 4,288 3,219 1,354 7,242 5,750 5,935 (1,430) (1,810) 2,393 333

Add: Subsidy - - - - - - - - - -

Net income (loss) before tax 4,288 3,219 1,354 7,242 5,750 5,935 (1,430) (1,810) 2,393 333

Income tax expense - - - - - - - - - -

Net income (loss) after tax 4,288 3,219 1,354 7,242 5,750 5,935 (1,430) (1,810) 2,393 333
Difference between totals and sums of components is due to rounding off.

182
PROVINCE OF TARLAC
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL CAMILING CONCEPCION GERONA MAYANTOC MONCADA

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 277,766 252,879 64,446 59,362 71,424 64,283 26,084 22,624 6,474 6,496 28,488 26,452

Business and service income 276,811 252,465 63,664 59,158 71,369 64,231 26,073 22,612 6,471 6,492 28,480 26,444
Gains and premiums - - - - - - - - - - - -
Others 955 414 782 204 55 52 11 12 3 4 8 8

Expenses 224,740 210,393 55,417 49,801 52,178 49,122 17,954 16,767 6,740 6,379 23,181 21,231

Personnel services 72,844 65,012 22,214 18,462 20,218 18,310 7,645 7,086 2,143 1,885 6,982 6,127
Maintenance and other operating expenses 140,395 130,727 32,055 29,163 30,675 28,492 9,408 8,475 3,644 3,555 15,238 13,578
Financial expenses 11,501 14,392 1,148 1,914 1,285 2,320 901 1,206 953 939 961 1,526
Others - 262 - 262 - - - - - - - -

Net income (loss) before subsidy 53,026 42,486 9,029 9,561 19,246 15,161 8,130 5,857 (266) 117 5,307 5,221

Add: Subsidy - - - - - - - - - - - -

Net income (loss) before tax 53,026 42,486 9,029 9,561 19,246 15,161 8,130 5,857 (266) 117 5,307 5,221

Income tax expense - - - - - - - - - - - -

Net income (loss) after tax 53,026 42,486 9,029 9,561 19,246 15,161 8,130 5,857 (266) 117 5,307 5,221
Difference between totals and sums of components is due to rounding off.

183
PROVINCE OF TARLAC
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

PANIQUI RAMOS SANTA IGNACIA

2015 2014 2015 2014 2015 2014

Income 51,691 47,229 15,821 13,984 13,338 12,449

Business and service income 51,673 47,202 15,743 13,934 13,338 12,392
Gains and premiums - - - - - -
Others 18 27 78 50 - 57

Expenses 47,730 47,444 9,557 8,040 11,983 11,609

Personnel services 5,029 5,926 3,926 3,160 4,687 4,056


Maintenance and other operating expenses 38,091 37,378 5,329 4,483 5,955 5,603
Financial expenses 4,610 4,140 302 397 1,341 1,950
Others - - - - - -

Net income (loss) before subsidy 3,961 (215) 6,264 5,944 1,355 840

Add: Subsidy - - - - - -

Net income (loss) before tax 3,961 (215) 6,264 5,944 1,355 840

Income tax expense - - - - - -

Net income (loss) after tax 3,961 (215) 6,264 5,944 1,355 840
Difference between totals and sums of components is due to rounding off.

184
PROVINCE OF ZAMBALES
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL CABANGAN CANDELARIA CASTILLEJOS IBA MASINLOC

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 180,947 164,228 7,942 6,870 4,475 3,928 28,915 22,700 9,862 9,515 10,603 9,863

Business and service income 179,721 162,909 7,934 6,860 4,426 3,905 28,896 22,688 9,842 9,498 10,585 9,857
Gains and premiums 49 23 - - 49 23 - - - - - -
Others 1,177 1,296 8 10 - - 19 12 20 17 18 6

Expenses 149,719 147,418 7,088 8,407 2,757 2,951 19,789 16,904 7,484 7,186 8,828 8,295

Personnel services 61,660 62,456 2,919 2,601 1,099 1,119 6,517 6,877 3,671 3,656 5,484 4,923
Maintenance and other operating expenses 80,812 73,105 2,887 2,778 1,647 1,428 12,559 9,002 3,667 3,293 3,296 3,301
Financial expenses 7,247 10,326 1,282 3,028 11 404 713 1,025 146 237 48 71
Others - 1,531 - - - - - - - - - -

Net income (loss) before subsidy 31,228 16,810 854 (1,537) 1,718 977 9,126 5,796 2,378 2,329 1,775 1,568

Add: Subsidy - - - - - - - - - - - -

Net income (loss) before tax 31,228 16,810 854 (1,537) 1,718 977 9,126 5,796 2,378 2,329 1,775 1,568

Income tax expense - - - - - - - - - - - -

Net income (loss) after tax 31,228 16,810 854 (1,537) 1,718 977 9,126 5,796 2,378 2,329 1,775 1,568
Difference between totals and sums of components is due to rounding off.

185
PROVINCE OF ZAMBALES
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

PALAUIG SAN ANTONIO SAN FELIPE SAN MARCELINO SAN NARCISO SANTA CRUZ

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 5,713 5,102 13,401 11,756 12,324 11,853 14,098 12,598 2,748 2,902 4,046 2,660

Business and service income 5,705 5,094 13,401 11,756 12,165 11,679 13,818 12,386 2,655 2,760 3,983 2,621
Gains and premiums - - - - - - - - - - - -
Others 8 8 - - 159 174 280 212 93 142 63 39

Expenses 5,264 5,291 11,188 11,195 11,039 11,111 9,346 8,611 2,731 2,913 3,344 2,986

Personnel services 2,254 2,133 4,238 4,403 5,455 6,048 4,418 4,003 1,209 1,197 1,721 1,466
Maintenance and other operating expenses 3,000 3,146 3,350 3,054 5,577 5,056 4,153 3,643 890 909 1,600 1,489
Financial expenses 10 12 3,600 3,738 7 7 775 965 632 807 23 31
Others - - - - - - - - - - - -

Net income (loss) before subsidy 449 (189) 2,213 561 1,285 742 4,752 3,987 17 (11) 702 (326)

Add: Subsidy - - - - - - - - - - - -

Net income (loss) before tax 449 (189) 2,213 561 1,285 742 4,752 3,987 17 (11) 702 (326)

Income tax expense - - - - - - - - - - - -

Net income (loss) after tax 449 (189) 2,213 561 1,285 742 4,752 3,987 17 (11) 702 (326)
Difference between totals and sums of components is due to rounding off.

186
PROVINCE OF ZAMBALES
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

SUBIC

2015 2014

Income 66,820 64,481

Business and service income 66,311 63,805


Gains and premiums - -
Others 509 676

Expenses 60,861 61,568

Personnel services 22,675 24,030


Maintenance and other operating expenses 38,186 36,006
Financial expenses - 1
Others - 1,531

Net income (loss) before subsidy 5,959 2,913

Add: Subsidy - -

Net income (loss) before tax 5,959 2,913

Income tax expense - -

Net income (loss) after tax 5,959 2,913


Difference between totals and sums of components is due to rounding off.

187
CITIES OF REGION III - CENTRAL LUZON
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL ANGELES BALANGA CABANATUAN GAPAN MABALACAT

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 2,583,600 2,525,709 369,744 349,023 54,028 49,509 379,946 365,228 42,556 38,094 234,547 222,852

Business and service income 2,511,789 2,506,552 368,239 347,555 52,467 48,327 376,729 362,895 42,062 37,887 233,787 222,109
Gains and premiums 522 - - - - - 522 - - - - -
Others 71,289 19,157 1,505 1,468 1,561 1,182 2,695 2,333 494 207 760 743

Expenses 2,000,597 2,151,624 277,398 290,777 40,490 36,091 299,122 278,785 26,848 24,411 187,412 193,079

Personnel services 564,456 667,497 76,076 97,060 21,064 17,532 80,698 78,229 10,027 9,010 74,154 77,202
Maintenance and other operating expenses 1,310,851 1,311,632 180,205 170,388 18,187 17,377 211,695 193,046 16,248 14,468 104,590 105,371
Financial expenses 124,306 172,411 21,117 23,329 1,239 1,182 6,729 7,510 573 933 8,668 10,506
Others 984 84 - - - - - - - - - -

Net income (loss) before subsidy 583,003 374,085 92,346 58,246 13,538 13,418 80,824 86,443 15,708 13,683 47,135 29,773

Add: Subsidy - - - - - - - - - - - -

Net income (loss) before tax 583,003 374,085 92,346 58,246 13,538 13,418 80,824 86,443 15,708 13,683 47,135 29,773

Income tax expense - - - - - - - - - - - -

Net income (loss) after tax 583,003 374,085 92,346 58,246 13,538 13,418 80,824 86,443 15,708 13,683 47,135 29,773
Difference between totals and sums of components is due to rounding off.

188
CITIES OF REGION III - CENTRAL LUZON
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

MALOLOS MEYCAUAYAN MUOZ SAN FERNANDO SAN JOSE SAN JOSE DEL MONTE

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 167,356 160,818 168,938 160,244 29,765 27,382 265,852 270,677 45,588 41,960 680,722 594,931

Business and service income 167,356 160,818 168,905 160,199 28,887 26,616 265,215 270,232 45,540 41,907 676,747 590,145
Gains and premiums - - - - - - - - - - - -
Others - - 33 45 878 766 637 445 48 53 3,975 4,786

Expenses 131,111 140,934 159,495 160,193 21,465 20,275 229,155 255,959 36,001 34,395 493,220 501,496

Personnel services 54,258 65,307 18,689 18,916 9,365 8,680 63,226 79,074 18,662 17,862 110,876 115,517
Maintenance and other operating expenses 76,853 75,627 138,190 137,228 12,035 11,399 155,354 166,295 14,867 14,368 331,569 305,450
Financial expenses - - 2,616 4,049 65 196 10,575 10,590 1,488 2,081 50,775 80,529
Others - - - - - - - - 984 84 - -

Net income (loss) before subsidy 36,245 19,884 9,443 51 8,300 7,107 36,697 14,718 9,587 7,565 187,502 93,435

Add: Subsidy - - - - - - - - - - - -

Net income (loss) before tax 36,245 19,884 9,443 51 8,300 7,107 36,697 14,718 9,587 7,565 187,502 93,435

Income tax expense - - - - - - - - - - - -

Net income (loss) after tax 36,245 19,884 9,443 51 8,300 7,107 36,697 14,718 9,587 7,565 187,502 93,435
Difference between totals and sums of components is due to rounding off.

189
CITIES OF REGION III - CENTRAL LUZON
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TARLAC

2015 2014

Income 144,558 244,991

Business and service income 85,855 237,862


Gains and premiums - -
Others 58,703 7,129

Expenses 98,880 215,229

Personnel services 27,361 83,108


Maintenance and other operating expenses 51,058 100,615
Financial expenses 20,461 31,506
Others - -

Net income (loss) before subsidy 45,678 29,762

Add: Subsidy - -

Net income (loss) before tax 45,678 29,762

Income tax expense - -

Net income (loss) after tax 45,678 29,762


Difference between totals and sums of components is due to rounding off.

190
PROVINCE OF AURORA
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
TOTAL BALER DIPACULAO
2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 101 101 27 27 74 74


Additions (Deductions) - - - - - -

Government equity, end of period 101 101 27 27 74 74

Donated capital, beginning of period 432 432 152 152 280 280
Additions (Deductions) - - - - - -

Donated capital, end of period 432 432 152 152 280 280

Appraisal capital, beginning of period - - - - - -


Additions (Deductions) - - - - - -

Appraisal capital, end of period - - - - - -

Reserved/Restricted capital, beginning of period - - - - - -


Additions (Deductions) - - - - - -

Reserved/Restricted capital, end of period - - - - - -

Retained earnings, beginning of period (15,913) (15,927) (6,901) (7,000) (9,012) (8,927)
Additions (Deductions) (1,129) 14 (1,363) 99 234 (85)

Retained earnings, end of period (17,042) (15,913) (8,264) (6,901) (8,778) (9,012)

Total equity (16,509) (15,380) (8,085) (6,722) (8,424) (8,658)


Difference between totals and sums of components is due to rounding off.

191
PROVINCE OF BATAAN
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
TOTAL BAGAC DINALUPIHAN HERMOSA LIMAY MARIVELES
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 18,585 17,602 - - 6,214 6,214 - - 5,011 4,981 - -
Additions (Deductions) (5,233) 983 267 - (5,500) - - - - 30 - -

Government equity, end of period 13,352 18,585 267 - 714 6,214 - - 5,011 5,011 - -

Donated capital, beginning of period 14,550 14,550 - - - - 2,659 2,659 - - 11,891 11,891
Additions (Deductions) 4,600 - - - - - - - - - 4,600 -

Donated capital, end of period 19,150 14,550 - - - - 2,659 2,659 - - 16,491 11,891

Appraisal capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Appraisal capital, end of period - - - - - - - - - - - -

Reserved/Restricted capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Reserved/Restricted capital, end of period - - - - - - - - - - - -

Retained earnings, beginning of period 343,344 273,935 2,374 1,324 97,840 77,962 25,037 19,166 34,313 24,614 99,219 81,024
Additions (Deductions) 76,883 69,409 1,247 1,050 17,816 19,878 7,170 5,871 7,656 9,699 26,201 18,195

Retained earnings, end of period 420,227 343,344 3,621 2,374 115,656 97,840 32,207 25,037 41,969 34,313 125,420 99,219

Total equity 452,729 376,479 3,888 2,374 116,370 104,054 34,866 27,696 46,980 39,324 141,911 111,110
Difference between totals and sums of components is due to rounding off.

192
PROVINCE OF BATAAN
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
MORONG ORANI ORION
2015 2014 2015 2014 2015 2014

Government equity, beginning of the period - - - - 7,360 6,407


Additions (Deductions) - - - - - 953

Government equity, end of period - - - - 7,360 7,360

Donated capital, beginning of period - - - - - -


Additions (Deductions) - - - - - -

Donated capital, end of period - - - - - -

Appraisal capital, beginning of period - - - - - -


Additions (Deductions) - - - - - -

Appraisal capital, end of period - - - - - -

Reserved/Restricted capital, beginning of period - - - - - -


Additions (Deductions) - - - - - -

Reserved/Restricted capital, end of period - - - - - -

Retained earnings, beginning of period (2,233) (3,064) 76,873 67,727 9,921 5,182
Additions (Deductions) 673 831 12,642 9,146 3,478 4,739

Retained earnings, end of period (1,560) (2,233) 89,515 76,873 13,399 9,921

Total equity (1,560) (2,233) 89,515 76,873 20,759 17,281


Difference between totals and sums of components is due to rounding off.

193
PROVINCE OF BULACAN
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
TOTAL ANGAT BALAGTAS BALIUAG BOCAUE BULAKAN
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 71,980 71,980 217 217 98 98 3,421 3,421 547 547 - -
Additions (Deductions) 1,884 - - - - - - - - - - -

Government equity, end of period 73,864 71,980 217 217 98 98 3,421 3,421 547 547 - -

Donated capital, beginning of period 32,717 32,717 - - - - 20,884 20,884 - - 11,833 11,833
Additions (Deductions) 8,216 - - - - - - - 8,216 - - -

Donated capital, end of period 40,933 32,717 - - - - 20,884 20,884 8,216 - 11,833 11,833

Appraisal capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Appraisal capital, end of period - - - - - - - - - - - -

Reserved/Restricted capital, beginning of period 40,594 38,927 - - - - - - 9,883 8,216 - -


Additions (Deductions) 264 1,667 - - - - - - 264 1,667 - -

Reserved/Restricted capital, end of period 40,858 40,594 - - - - - - 10,147 9,883 - -

Retained earnings, beginning of period 1,197,255 1,065,475 45,694 40,465 32,244 26,154 148,696 149,099 74,193 58,735 74,640 65,103
Additions (Deductions) 148,994 131,780 8,986 5,229 7,481 6,090 17,035 (403) (4,506) 15,458 12,935 9,537

Retained earnings, end of period 1,346,249 1,197,255 54,680 45,694 39,725 32,244 165,731 148,696 69,687 74,193 87,575 74,640

Total equity 1,501,904 1,342,546 54,897 45,911 39,823 32,342 190,036 173,001 88,597 84,623 99,408 86,473
Difference between totals and sums of components is due to rounding off.

194
PROVINCE OF BULACAN
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
BUSTOS CALUMPIT HAGONOY MARILAO NORZAGARAY OBANDO
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 652 652 824 824 191 191 700 700 61,569 61,569 - -
Additions (Deductions) - - - - - - - - - - - -

Government equity, end of period 652 652 824 824 191 191 700 700 61,569 61,569 - -

Donated capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Donated capital, end of period - - - - - - - - - - - -

Appraisal capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Appraisal capital, end of period - - - - - - - - - - - -

Reserved/Restricted capital, beginning of period - - - - - - 28,400 28,400 - - - -


Additions (Deductions) - - - - - - - - - - - -

Reserved/Restricted capital, end of period - - - - - - 28,400 28,400 - - - -

Retained earnings, beginning of period 50,049 41,683 147,480 134,573 97,517 90,927 103,500 103,700 45,106 22,636 (111,697) (96,906)
Additions (Deductions) 5,963 8,366 8,181 12,907 (2,269) 6,590 18,900 (200) 15,247 22,470 (12,710) (14,791)

Retained earnings, end of period 56,012 50,049 155,661 147,480 95,248 97,517 122,400 103,500 60,353 45,106 (124,407) (111,697)

Total equity 56,664 50,701 156,485 148,304 95,439 97,708 151,500 132,600 121,922 106,675 (124,407) (111,697)
Difference between totals and sums of components is due to rounding off.

195
PROVINCE OF BULACAN
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
PANDI PLARIDEL SAN ILDEFONSO SAN MIGUEL SAN RAFAEL SANTA MARIA
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period - - 2,924 2,924 9 9 539 539 - - 289 289
Additions (Deductions) - - 1,884 - - - - - - - - -

Government equity, end of period - - 4,808 2,924 9 9 539 539 - - 289 289

Donated capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Donated capital, end of period - - - - - - - - - - - -

Appraisal capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Appraisal capital, end of period - - - - - - - - - - - -

Reserved/Restricted capital, beginning of period - - - - 2,311 2,311 - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Reserved/Restricted capital, end of period - - - - 2,311 2,311 - - - - - -

Retained earnings, beginning of period 8,227 3,317 119,676 117,763 66,358 53,400 80,908 70,718 52,917 45,023 161,747 139,085
Additions (Deductions) 1,782 4,910 3,386 1,913 13,400 12,958 14,699 10,190 12,288 7,894 28,196 22,662

Retained earnings, end of period 10,009 8,227 123,062 119,676 79,758 66,358 95,607 80,908 65,205 52,917 189,943 161,747

Total equity 10,009 8,227 127,870 122,600 82,078 68,678 96,146 81,447 65,205 52,917 190,232 162,036
Difference between totals and sums of components is due to rounding off.

196
PROVINCE OF NUEVA ECIJA
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
TOTAL BONGABON CABIAO CUYAPO GEN. NATIVIDAD GEN. TINIO
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 3,080 3,080 - - - - 63 63 - - - -


Additions (Deductions) - - - - - - - - - - - -

Government equity, end of period 3,080 3,080 - - - - 63 63 - - - -

Donated capital, beginning of period 10,204 10,204 - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Donated capital, end of period 10,204 10,204 - - - - - - - - - -

Appraisal capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Appraisal capital, end of period - - - - - - - - - - - -

Reserved/Restricted capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Reserved/Restricted capital, end of period - - - - - - - - - - - -

Retained earnings, beginning of period 337,872 302,217 12,290 8,484 37,503 34,393 13,629 12,571 3,841 5,150 20,049 16,447
Additions (Deductions) 101,627 35,655 4,595 3,806 7,157 3,110 4,174 1,058 132 (1,309) 5,098 3,602

Retained earnings, end of period 439,499 337,872 16,885 12,290 44,660 37,503 17,803 13,629 3,973 3,841 25,147 20,049

Total equity 452,783 351,156 16,885 12,290 44,660 37,503 17,866 13,692 3,973 3,841 25,147 20,049
Difference between totals and sums of components is due to rounding off.

197
PROVINCE OF NUEVA ECIJA
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
GUIMBA JAEN LICAB LUPAO PEARANDA SAN ANTONIO
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Government equity, end of period - - - - - - - - - - - -

Donated capital, beginning of period - - - - - - 10,204 10,204 - - - -


Additions (Deductions) - - - - - - - - - - - -

Donated capital, end of period - - - - - - 10,204 10,204 - - - -

Appraisal capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Appraisal capital, end of period - - - - - - - - - - - -

Reserved/Restricted capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Reserved/Restricted capital, end of period - - - - - - - - - - - -

Retained earnings, beginning of period 30,745 28,166 32,328 28,377 (3,201) (3,305) 1,538 2,289 38,907 35,128 18,203 15,803
Additions (Deductions) 17,314 2,579 10,473 3,951 13,313 104 (3,439) (751) (831) 3,779 2,548 2,400

Retained earnings, end of period 48,059 30,745 42,801 32,328 10,112 (3,201) (1,901) 1,538 38,076 38,907 20,751 18,203

Total equity 48,059 30,745 42,801 32,328 10,112 (3,201) 8,303 11,742 38,076 38,907 20,751 18,203
Difference between totals and sums of components is due to rounding off.

198
PROVINCE OF NUEVA ECIJA
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
SANTA ROSA TALAVERA TALUGTUG
2015 2014 2015 2014 2015 2014

Government equity, beginning of the period - - 3,017 3,017 - -


Additions (Deductions) - - - - - -

Government equity, end of period - - 3,017 3,017 - -

Donated capital, beginning of period - - - - - -


Additions (Deductions) - - - - - -

Donated capital, end of period - - - - - -

Appraisal capital, beginning of period - - - - - -


Additions (Deductions) - - - - - -

Appraisal capital, end of period - - - - - -

Reserved/Restricted capital, beginning of period - - - - - -


Additions (Deductions) - - - - - -

Reserved/Restricted capital, end of period - - - - - -

Retained earnings, beginning of period 66,723 58,117 65,680 60,431 (363) 166
Additions (Deductions) 8,924 8,606 30,774 5,249 1,395 (529)

Retained earnings, end of period 75,647 66,723 96,454 65,680 1,032 (363)

Total equity 75,647 66,723 99,471 68,697 1,032 (363)


Difference between totals and sums of components is due to rounding off.

199
PROVINCE OF PAMPANGA
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
TOTAL BACOLOR CANDABA FLORIDABLANCA GUAGUA LUBAO
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 164,116 193,957 10,140 10,140 9,045 9,045 43,351 43,351 14,760 44,801 34,487 34,487
Additions (Deductions) 1,891 (29,841) - - - - - - 4 (30,041) 1,887 -

Government equity, end of period 166,007 164,116 10,140 10,140 9,045 9,045 43,351 43,351 14,764 14,760 36,374 34,487

Donated capital, beginning of period 2,942 2,632 - - - - - - - - - -


Additions (Deductions) 326 310 - - - - - - - - - -

Donated capital, end of period 3,268 2,942 - - - - - - - - - -

Appraisal capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Appraisal capital, end of period - - - - - - - - - - - -

Reserved/Restricted capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Reserved/Restricted capital, end of period - - - - - - - - - - - -

Retained earnings, beginning of period 401,819 340,265 11,731 7,514 (22,485) (23,729) 138,600 125,566 88,210 83,230 125,428 101,158
Additions (Deductions) 80,517 61,554 3,525 4,217 3,490 1,244 18,288 13,034 15,857 4,980 27,201 24,270

Retained earnings, end of period 482,336 401,819 15,256 11,731 (18,995) (22,485) 156,888 138,600 104,067 88,210 152,629 125,428

Total equity 651,611 568,877 25,396 21,871 (9,950) (13,440) 200,239 181,951 118,831 102,970 189,003 159,915
Difference between totals and sums of components is due to rounding off.

200
PROVINCE OF PAMPANGA
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
MACABEBE MASANTOL PORAC SANTA RITA SASMUAN
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 13,313 13,313 938 938 21,994 21,994 218 18 15,870 15,870
Additions (Deductions) - - - - - - - 200 - -

Government equity, end of period 13,313 13,313 938 938 21,994 21,994 218 218 15,870 15,870

Donated capital, beginning of period - - - - - - 2,942 2,632 - -


Additions (Deductions) - - - - - - 326 310 - -

Donated capital, end of period - - - - - - 3,268 2,942 - -

Appraisal capital, beginning of period - - - - - - - - - -


Additions (Deductions) - - - - - - - - - -

Appraisal capital, end of period - - - - - - - - - -

Reserved/Restricted capital, beginning of period - - - - - - - - - -


Additions (Deductions) - - - - - - - - - -

Reserved/Restricted capital, end of period - - - - - - - - - -

Retained earnings, beginning of period 19,040 15,795 14,661 7,454 21,503 16,354 (7,986) (6,176) 13,117 13,099
Additions (Deductions) 4,288 3,245 1,354 7,207 5,571 5,149 (1,430) (1,810) 2,373 18

Retained earnings, end of period 23,328 19,040 16,015 14,661 27,074 21,503 (9,416) (7,986) 15,490 13,117

Total equity 36,641 32,353 16,953 15,599 49,068 43,497 (5,930) (4,826) 31,360 28,987
Difference between totals and sums of components is due to rounding off.

201
PROVINCE OF TARLAC
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
TOTAL CAMILING CONCEPCION GERONA MAYANTOC MONCADA
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 36,956 36,956 5,693 5,693 268 268 237 237 5,935 5,935 24 24
Additions (Deductions) 909 - - - - - - - 251 - - -

Government equity, end of period 37,865 36,956 5,693 5,693 268 268 237 237 6,186 5,935 24 24

Donated capital, beginning of period 23,077 23,077 18,049 18,049 - - - - - - 5,000 5,000
Additions (Deductions) (5,000) - - - - - - - - - (5,000) -

Donated capital, end of period 18,077 23,077 18,049 18,049 - - - - - - - 5,000

Appraisal capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Appraisal capital, end of period - - - - - - - - - - - -

Reserved/Restricted capital, beginning of period 7,059 7,059 - - 6,129 6,129 919 919 - - - -
Additions (Deductions) - - - - - - - - - - - -

Reserved/Restricted capital, end of period 7,059 7,059 - - 6,129 6,129 919 919 - - - -

Retained earnings, beginning of period 299,936 257,514 64,005 54,509 106,534 91,497 31,841 25,985 (3,924) (813) 26,953 21,505
Additions (Deductions) 57,888 42,422 9,411 9,496 19,026 15,037 8,090 5,856 (408) (3,111) 2,923 5,448

Retained earnings, end of period 357,824 299,936 73,416 64,005 125,560 106,534 39,931 31,841 (4,332) (3,924) 29,876 26,953

Total equity 420,825 367,028 97,158 87,747 131,957 112,931 41,087 32,997 1,854 2,011 29,900 31,977
Difference between totals and sums of components is due to rounding off.

202
PROVINCE OF TARLAC
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
PANIQUI RAMOS SANTA IGNACIA
2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 6,022 6,022 5,680 5,680 13,097 13,097
Additions (Deductions) - - - - 658 -

Government equity, end of period 6,022 6,022 5,680 5,680 13,755 13,097

Donated capital, beginning of period 28 28 - - - -


Additions (Deductions) - - - - - -

Donated capital, end of period 28 28 - - - -

Appraisal capital, beginning of period - - - - - -


Additions (Deductions) - - - - - -

Appraisal capital, end of period - - - - - -

Reserved/Restricted capital, beginning of period 11 11 - - - -


Additions (Deductions) - - - - - -

Reserved/Restricted capital, end of period 11 11 - - - -

Retained earnings, beginning of period 56,179 56,062 22,997 14,240 (4,649) (5,471)
Additions (Deductions) 11,836 117 5,704 8,757 1,306 822

Retained earnings, end of period 68,015 56,179 28,701 22,997 (3,343) (4,649)

Total equity 74,076 62,240 34,381 28,677 10,412 8,448


Difference between totals and sums of components is due to rounding off.

203
PROVINCE OF ZAMBALES
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
TOTAL CABANGAN CANDELARIA CASTILLEJOS IBA MASINLOC
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 38,931 38,931 - - 4,410 4,410 3,834 3,834 243 243 22,913 22,913
Additions (Deductions) 4,652 - - - - - - - 4,652 - - -

Government equity, end of period 43,583 38,931 - - 4,410 4,410 3,834 3,834 4,895 243 22,913 22,913

Donated capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Donated capital, end of period - - - - - - - - - - - -

Appraisal capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Appraisal capital, end of period - - - - - - - - - - - -

Reserved/Restricted capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Reserved/Restricted capital, end of period - - - - - - - - - - - -

Retained earnings, beginning of period 246,721 194,620 (1,354) (7,317) (7,830) (8,804) 20,609 16,701 15,946 14,510 9,339 9,366
Additions (Deductions) 20,113 52,101 (91) 5,963 1,696 974 8,995 3,908 2,765 1,436 1,795 (27)

Retained earnings, end of period 266,834 246,721 (1,445) (1,354) (6,134) (7,830) 29,604 20,609 18,711 15,946 11,134 9,339

Total equity 310,417 285,652 (1,445) (1,354) (1,724) (3,420) 33,438 24,443 23,606 16,189 34,047 32,252
Difference between totals and sums of components is due to rounding off.

204
PROVINCE OF ZAMBALES
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
PALAUIG SAN ANTONIO SAN FELIPE SAN MARCELINO SAN NARCISO SANTA CRUZ
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period - - 31 31 113 113 1,291 1,291 - - 6,084 6,084
Additions (Deductions) - - - - - - - - - - - -

Government equity, end of period - - 31 31 113 113 1,291 1,291 - - 6,084 6,084

Donated capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Donated capital, end of period - - - - - - - - - - - -

Appraisal capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Appraisal capital, end of period - - - - - - - - - - - -

Reserved/Restricted capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Reserved/Restricted capital, end of period - - - - - - - - - - - -

Retained earnings, beginning of period 9,233 9,189 7,109 6,620 32,125 30,805 21,943 17,964 (18,462) (17,586) (533) (212)
Additions (Deductions) 93 44 267 489 (6,983) 1,320 4,752 3,979 (223) (876) 1,301 (321)

Retained earnings, end of period 9,326 9,233 7,376 7,109 25,142 32,125 26,695 21,943 (18,685) (18,462) 768 (533)

Total equity 9,326 9,233 7,407 7,140 25,255 32,238 27,986 23,234 (18,685) (18,462) 6,852 5,551
Difference between totals and sums of components is due to rounding off.

205
PROVINCE OF ZAMBALES
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
SUBIC
2015 2014

Government equity, beginning of the period 12 12


Additions (Deductions) - -

Government equity, end of period 12 12

Donated capital, beginning of period - -


Additions (Deductions) - -

Donated capital, end of period - -

Appraisal capital, beginning of period - -


Additions (Deductions) - -

Appraisal capital, end of period - -

Reserved/Restricted capital, beginning of period - -


Additions (Deductions) - -

Reserved/Restricted capital, end of period - -

Retained earnings, beginning of period 158,596 123,384


Additions (Deductions) 5,746 35,212

Retained earnings, end of period 164,342 158,596

Total equity 164,354 158,608


Difference between totals and sums of components is due to rounding off.

206
CITIES OF REGION III - CENTRAL LUZON
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
TOTAL ANGELES BALANGA CABANATUAN GAPAN MABALACAT
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 325,990 332,427 61,670 61,670 1,070 1,070 91,321 91,321 4,406 4,406 100,852 100,799
Additions (Deductions) - (6,437) - - - - - - - - - 53

Government equity, end of period 325,990 325,990 61,670 61,670 1,070 1,070 91,321 91,321 4,406 4,406 100,852 100,852

Donated capital, beginning of period 163,652 132,044 - - - - - - - - - -


Additions (Deductions) 26,802 31,608 - - - - - - - - - -

Donated capital, end of period 190,454 163,652 - - - - - - - - - -

Appraisal capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Appraisal capital, end of period - - - - - - - - - - - -

Reserved/Restricted capital, beginning of period 1,361 1,118 - - 1,361 1,118 - - - - - -


Additions (Deductions) (206) 243 - - (206) 243 - - - - - -

Reserved/Restricted capital, end of period 1,155 1,361 - - 1,155 1,361 - - - - - -

Retained earnings, beginning of period 2,658,268 2,274,385 311,389 253,190 55,510 42,281 590,137 503,858 89,661 75,959 313,369 284,999
Additions (Deductions) 542,877 383,883 69,909 58,199 14,061 13,229 80,643 86,279 16,990 13,702 46,599 28,370

Retained earnings, end of period 3,201,145 2,658,268 381,298 311,389 69,571 55,510 670,780 590,137 106,651 89,661 359,968 313,369

Total equity 3,718,744 3,149,271 442,968 373,059 71,796 57,941 762,101 681,458 111,057 94,067 460,820 414,221
Difference between totals and sums of components is due to rounding off.

207
CITIES OF REGION III - CENTRAL LUZON
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
MALOLOS MEYCAUAYAN MUOZ SAN FERNANDO SAN JOSE SAN JOSE DEL MONTE

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 173 173 547 547 - - 46,898 53,417 10,977 10,977 4,149 4,120
Additions (Deductions) - - - - - - - (6,519) - - - 29

Government equity, end of period 173 173 547 547 - - 46,898 46,898 10,977 10,977 4,149 4,149

Donated capital, beginning of period - - - - - - - - - - 161,774 130,166


Additions (Deductions) - - - - - - - - - - 26,802 31,608

Donated capital, end of period - - - - - - - - - - 188,576 161,774

Appraisal capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Appraisal capital, end of period - - - - - - - - - - - -

Reserved/Restricted capital, beginning of period - - - - - - - - - - - -


Additions (Deductions) - - - - - - - - - - - -

Reserved/Restricted capital, end of period - - - - - - - - - - - -

Retained earnings, beginning of period 248,381 241,804 6,684 10,961 51,018 43,944 180,654 170,000 47,913 40,886 553,843 390,576
Additions (Deductions) 42,268 6,577 8,829 (4,277) 5,837 7,074 34,268 10,654 9,091 7,027 172,055 163,267

Retained earnings, end of period 290,649 248,381 15,513 6,684 56,855 51,018 214,922 180,654 57,004 47,913 725,898 553,843

Total equity 290,822 248,554 16,060 7,231 56,855 51,018 261,820 227,552 67,981 58,890 918,623 719,766
Difference between totals and sums of components is due to rounding off.

208
CITIES OF REGION III - CENTRAL LUZON
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
TARLAC
2015 2014

Government equity, beginning of the period 3,927 3,927


Additions (Deductions) - -

Government equity, end of period 3,927 3,927

Donated capital, beginning of period 1,878 1,878


Additions (Deductions) - -

Donated capital, end of period 1,878 1,878

Appraisal capital, beginning of period - -


Additions (Deductions) - -

Appraisal capital, end of period - -

Reserved/Restricted capital, beginning of period - -


Additions (Deductions) - -

Reserved/Restricted capital, end of period - -

Retained earnings, beginning of period 209,709 215,927


Additions (Deductions) 42,327 (6,218)

Retained earnings, end of period 252,036 209,709

Total equity 257,841 215,514


Difference between totals and sums of components is due to rounding off.

209
PROVINCES OF AURORA
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL BALER DIPACULAO

2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 4,619 4,615 2,598 2,314 2,021 2,301
Cash outflows 4,198 4,758 2,258 2,565 1,940 2,193

Net cash provided by (used in) operating activities 421 (143) 340 (251) 81 108

Cash flows from investing activities


Cash inflows - - - - - -
Cash outflows - - - - - -

Net cash provided by (used in) investing activities - - - - - -

Cash flows from financing activities


Cash inflows - - - - - -
Cash outflows - - - - - -

Net cash provided by (used in) financing activities - - - - - -

Net increase (decrease) in cash and cash equivalents 421 (143) 340 (251) 81 108

Cash and cash equivalents, beginning of period 1,392 1,535 902 1,153 490 382

Cash and cash equivalents, end of period 1,813 1,392 1,242 902 571 490
Difference between totals and sums of components is due to rounding off.

210
PROVINCES OF BATAAN
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL BAGAC DINALUPIHAN HERMOSA LIMAY MARIVELES

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 314,228 286,006 9,010 8,727 72,097 66,411 26,067 22,647 47,060 44,029 77,046 69,666
Cash outflows 228,567 208,963 7,119 6,988 44,456 38,909 21,588 15,494 36,068 32,723 48,420 48,936

Net cash provided by (used in) operating activities 85,661 77,043 1,891 1,739 27,641 27,502 4,479 7,153 10,992 11,306 28,626 20,730

Cash flows from investing activities


Cash inflows 26,582 125 14 - - - 94 81 - - - -
Cash outflows 61,698 26,378 1,181 504 12,528 12,157 325 - 14,165 6,003 - -

Net cash provided by (used in) investing activities (35,116) (26,253) (1,167) (504) (12,528) (12,157) (231) 81 (14,165) (6,003) - -

Cash flows from financing activities


Cash inflows - - - - - - - - - - - -
Cash outflows 31,045 27,500 559 569 1,416 5,391 2,740 3,247 2,716 3,064 21,588 12,987

Net cash provided by (used in) financing activities (31,045) (27,500) (559) (569) (1,416) (5,391) (2,740) (3,247) (2,716) (3,064) (21,588) (12,987)

Net increase (decrease) in cash and cash equivalents 19,500 23,290 165 666 13,697 9,954 1,508 3,987 (5,889) 2,239 7,038 7,743

Cash and cash equivalents, beginning of period 93,666 70,376 1,546 880 24,421 14,467 14,309 10,322 11,192 8,953 29,400 21,657

Cash and cash equivalents, end of period 113,166 93,666 1,711 1,546 38,118 24,421 15,817 14,309 5,303 11,192 36,438 29,400
Difference between totals and sums of components is due to rounding off.

211
PROVINCES OF BATAAN
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

MORONG ORANI ORION

2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 7,273 5,769 53,110 46,888 22,565 21,869
Cash outflows 6,058 5,247 46,337 40,229 18,521 20,437

Net cash provided by (used in) operating activities 1,215 522 6,773 6,659 4,044 1,432

Cash flows from investing activities


Cash inflows - - 26,428 - 46 44
Cash outflows - 391 31,442 4,118 2,057 3,205

Net cash provided by (used in) investing activities - (391) (5,014) (4,118) (2,011) (3,161)

Cash flows from financing activities


Cash inflows - - - - - -
Cash outflows 494 469 871 1,093 661 680

Net cash provided by (used in) financing activities (494) (469) (871) (1,093) (661) (680)

Net increase (decrease) in cash and cash equivalents 721 (338) 888 1,448 1,372 (2,409)

Cash and cash equivalents, beginning of period 320 658 3,700 2,252 8,778 11,187

Cash and cash equivalents, end of period 1,041 320 4,588 3,700 10,150 8,778
Difference between totals and sums of components is due to rounding off.

212
PROVINCES OF BULACAN
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL ANGAT BALAGTAS BALIUAG BOCAUE BULAKAN

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 1,402,078 1,273,295 40,469 39,281 22,236 20,429 161,006 148,468 68,838 70,085 57,168 54,514
Cash outflows 1,169,736 1,123,014 30,393 32,385 15,643 15,449 120,490 122,631 61,294 53,196 46,619 44,204

Net cash provided by (used in) operating activities 232,342 150,281 10,076 6,896 6,593 4,980 40,516 25,837 7,544 16,889 10,549 10,310

Cash flows from investing activities


Cash inflows 49,248 9,389 9 11 - - 9 7 67 79 3,777 7,757
Cash outflows 233,691 192,690 9,851 2,545 710 612 58,228 36,483 8,127 4,256 12,728 17,212

Net cash provided by (used in) investing activities (184,443) (183,301) (9,842) (2,534) (710) (612) (58,219) (36,476) (8,060) (4,177) (8,951) (9,455)

Cash flows from financing activities


Cash inflows 90,183 158,401 1,137 37 - - 46,918 33,061 - - - -
Cash outflows 105,587 103,499 3,556 3,971 1,343 1,211 26,334 26,172 3,772 3,623 - -

Net cash provided by (used in) financing activities (15,404) 54,902 (2,419) (3,934) (1,343) (1,211) 20,584 6,889 (3,772) (3,623) - -

Net increase (decrease) in cash and cash equivalents 32,495 21,882 (2,185) 428 4,540 3,157 2,881 (3,750) (4,288) 9,089 1,598 855

Cash and cash equivalents, beginning of period 218,099 196,217 8,984 8,556 8,178 5,021 4,449 8,199 22,645 13,556 5,395 4,540

Cash and cash equivalents, end of period 250,594 218,099 6,799 8,984 12,718 8,178 7,330 4,449 18,357 22,645 6,993 5,395
Difference between totals and sums of components is due to rounding off.

213
PROVINCES OF BULACAN
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

BUSTOS CALUMPIT HAGONOY MARILAO NORZAGARAY OBANDO

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 63,374 41,077 120,556 120,310 108,050 105,706 175,500 155,900 86,873 76,695 65,861 66,710
Cash outflows 45,740 33,841 97,912 100,470 82,208 93,647 163,400 152,200 73,012 63,952 65,718 65,297

Net cash provided by (used in) operating activities 17,634 7,236 22,644 19,840 25,842 12,059 12,100 3,700 13,861 12,743 143 1,413

Cash flows from investing activities


Cash inflows - - - 135 - - - - 23 - - -
Cash outflows 18,099 3,385 29,311 6,605 18,830 20,166 - - 7,683 555 1,147 1,303

Net cash provided by (used in) investing activities (18,099) (3,385) (29,311) (6,470) (18,830) (20,166) - - (7,660) (555) (1,147) (1,303)

Cash flows from financing activities


Cash inflows - - 15,000 - 955 13,039 2,500 - 6,473 1,592 1,003 -
Cash outflows - 10,000 5,461 6,094 3,741 6,461 11,800 7,100 3,249 8,948 80 -

Net cash provided by (used in) financing activities - (10,000) 9,539 (6,094) (2,786) 6,578 (9,300) (7,100) 3,224 (7,356) 923 -

Net increase (decrease) in cash and cash equivalents (465) (6,149) 2,872 7,276 4,226 (1,529) 2,800 (3,400) 9,425 4,832 (81) 110

Cash and cash equivalents, beginning of period 10,216 16,365 28,640 21,364 9,420 10,949 3,000 6,400 5,926 1,094 5,151 5,041

Cash and cash equivalents, end of period 9,751 10,216 31,512 28,640 13,646 9,420 5,800 3,000 15,351 5,926 5,070 5,151
Difference between totals and sums of components is due to rounding off.

214
PROVINCES OF BULACAN
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

PANDI PLARIDEL SAN ILDEFONSO SAN MIGUEL SAN RAFAEL SANTA MARIA

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 27,558 19,471 53,730 48,245 52,447 45,053 50,003 44,530 50,102 46,702 198,307 170,119
Cash outflows 20,826 15,667 50,192 51,373 41,307 35,146 33,830 34,473 75,089 70,160 146,063 138,923

Net cash provided by (used in) operating activities 6,732 3,804 3,538 (3,128) 11,140 9,907 16,173 10,057 (24,987) (23,458) 52,244 31,196

Cash flows from investing activities


Cash inflows - - 3 - 1,042 - 363 1,400 41,945 - 2,010 -
Cash outflows 3,736 2,265 1,948 2,006 26,098 11,290 9,691 6,193 9,015 7,876 18,489 69,938

Net cash provided by (used in) investing activities (3,736) (2,265) (1,945) (2,006) (25,056) (11,290) (9,328) (4,793) 32,930 (7,876) (16,479) (69,938)

Cash flows from financing activities


Cash inflows 12 4 67 - 16,118 - - - - 44,323 - 66,345
Cash outflows 1,048 827 6 - 2,990 1,020 813 624 5,057 5,339 36,337 22,109

Net cash provided by (used in) financing activities (1,036) (823) 61 - 13,128 (1,020) (813) (624) (5,057) 38,984 (36,337) 44,236

Net increase (decrease) in cash and cash equivalents 1,960 716 1,654 (5,134) (788) (2,403) 6,032 4,640 2,886 7,650 (572) 5,494

Cash and cash equivalents, beginning of period 1,819 1,103 22,973 28,107 8,090 10,493 13,930 9,290 13,318 5,668 45,965 40,471

Cash and cash equivalents, end of period 3,779 1,819 24,627 22,973 7,302 8,090 19,962 13,930 16,204 13,318 45,393 45,965
Difference between totals and sums of components is due to rounding off.

215
PROVINCES OF NUEVA ECIJA
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL BONGABON CABIAO CUYAPO GEN. NATIVIDAD GEN. TINIO

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 363,429 328,646 18,371 16,338 36,675 33,582 19,202 22,295 6,243 5,632 16,844 15,907
Cash outflows 275,493 237,896 13,733 12,023 29,300 26,446 14,172 13,254 5,602 4,368 13,520 12,777

Net cash provided by (used in) operating activities 87,936 90,750 4,638 4,315 7,375 7,136 5,030 9,041 641 1,264 3,324 3,130

Cash flows from investing activities


Cash inflows 82 182 56 - - - - - - 162 26 20
Cash outflows 42,472 57,327 394 287 2,909 3,075 - - 465 59 - -

Net cash provided by (used in) investing activities (42,390) (57,145) (338) (287) (2,909) (3,075) - - (465) 103 26 20

Cash flows from financing activities


Cash inflows 4 12,911 4 27 - - - - - - - -
Cash outflows 26,224 37,952 3,686 4,010 419 365 4,386 8,885 431 919 134 298

Net cash provided by (used in) financing activities (26,220) (25,041) (3,682) (3,983) (419) (365) (4,386) (8,885) (431) (919) (134) (298)

Net increase (decrease) in cash and cash equivalents 19,326 8,564 618 45 4,047 3,696 644 156 (255) 448 3,216 2,852

Cash and cash equivalents, beginning of period 49,859 41,295 1,887 1,842 4,607 911 372 216 754 306 9,826 6,974

Cash and cash equivalents, end of period 69,185 49,859 2,505 1,887 8,654 4,607 1,016 372 499 754 13,042 9,826
Difference between totals and sums of components is due to rounding off.

216
PROVINCES OF NUEVA ECIJA
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

GUIMBA JAEN LICAB LUPAO PEARANDA SAN ANTONIO

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 57,286 50,655 33,447 27,416 9,092 7,834 5,665 4,768 24,124 22,695 27,501 26,388
Cash outflows 43,823 37,303 24,302 22,750 8,027 7,300 4,191 4,142 18,138 16,554 26,903 14,597

Net cash provided by (used in) operating activities 13,463 13,352 9,145 4,666 1,065 534 1,474 626 5,986 6,141 598 11,791

Cash flows from investing activities


Cash inflows - - - - - - - - - - - -
Cash outflows 3,975 2,464 4,642 4,430 - - 144 313 4,787 8,410 - 1,180

Net cash provided by (used in) investing activities (3,975) (2,464) (4,642) (4,430) - - (144) (313) (4,787) (8,410) - (1,180)

Cash flows from financing activities


Cash inflows - - - - - - - - - - - -
Cash outflows 8,411 10,209 1,013 701 - - 620 648 1,075 1,137 - 7,500

Net cash provided by (used in) financing activities (8,411) (10,209) (1,013) (701) - - (620) (648) (1,075) (1,137) - (7,500)

Net increase (decrease) in cash and cash equivalents 1,077 679 3,490 (465) 1,065 534 710 (335) 124 (3,406) 598 3,111

Cash and cash equivalents, beginning of period 1,861 1,182 4,625 5,090 5,207 4,673 264 599 3,474 6,880 3,715 604

Cash and cash equivalents, end of period 2,938 1,861 8,115 4,625 6,272 5,207 974 264 3,598 3,474 4,313 3,715
Difference between totals and sums of components is due to rounding off.

217
PROVINCES OF NUEVA ECIJA
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

SANTA ROSA TALAVERA TALUGTUG

2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 53,339 44,138 49,608 45,505 6,032 5,493
Cash outflows 34,850 31,333 34,153 30,467 4,779 4,582

Net cash provided by (used in) operating activities 18,489 12,805 15,455 15,038 1,253 911

Cash flows from investing activities


Cash inflows - - - - - -
Cash outflows 11,814 25,367 12,587 11,613 755 129

Net cash provided by (used in) investing activities (11,814) (25,367) (12,587) (11,613) (755) (129)

Cash flows from financing activities


Cash inflows - 12,884 - - - -
Cash outflows 5,608 2,509 - - 441 771

Net cash provided by (used in) financing activities (5,608) 10,375 - - (441) (771)

Net increase (decrease) in cash and cash equivalents 1,067 (2,187) 2,868 3,425 57 11

Cash and cash equivalents, beginning of period 7,765 9,952 5,417 1,992 85 74

Cash and cash equivalents, end of period 8,832 7,765 8,285 5,417 142 85
Difference between totals and sums of components is due to rounding off.

218
PROVINCES OF PAMPANGA
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL BACOLOR CANDABA FLORIDABLANCA GUAGUA LUBAO

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 434,334 392,725 16,326 12,848 33,562 30,234 96,794 93,153 92,628 77,074 94,082 83,995
Cash outflows 311,137 308,118 10,489 9,595 16,672 16,474 70,160 69,907 65,253 71,258 59,358 61,799

Net cash provided by (used in) operating activities 123,197 84,607 5,837 3,253 16,890 13,760 26,634 23,246 27,375 5,816 34,724 22,196

Cash flows from investing activities


Cash inflows 517 - - - - - - - - - - -
Cash outflows 81,051 33,452 3,894 741 3,304 9,042 21,440 10,463 17,670 2,439 32,578 7,352

Net cash provided by (used in) investing activities (80,534) (33,452) (3,894) (741) (3,304) (9,042) (21,440) (10,463) (17,670) (2,439) (32,578) (7,352)

Cash flows from financing activities


Cash inflows 63 1,337 - - - 1,308 - - - - 55 23
Cash outflows 17,890 19,727 13 13 8,048 8,066 634 634 3,287 2,668 3,005 3,220

Net cash provided by (used in) financing activities (17,827) (18,390) (13) (13) (8,048) (6,758) (634) (634) (3,287) (2,668) (2,950) (3,197)

Net increase (decrease) in cash and cash equivalents 24,836 32,765 1,930 2,499 5,538 (2,040) 4,560 12,149 6,418 709 (804) 11,647

Cash and cash equivalents, beginning of period 91,848 59,083 3,541 1,042 2,485 4,525 41,612 29,463 7,449 6,740 17,366 5,719

Cash and cash equivalents, end of period 116,684 91,848 5,471 3,541 8,023 2,485 46,172 41,612 13,867 7,449 16,562 17,366
Difference between totals and sums of components is due to rounding off.

219
PROVINCES OF PAMPANGA
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

MACABEBE MASANTOL PORAC SANTA RITA SASMUAN

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 30,877 27,348 19,928 21,745 32,388 29,050 4,740 4,341 13,009 12,937
Cash outflows 30,291 24,598 18,854 18,286 24,364 21,063 5,083 3,641 10,613 11,497

Net cash provided by (used in) operating activities 586 2,750 1,074 3,459 8,024 7,987 (343) 700 2,396 1,440

Cash flows from investing activities


Cash inflows - - - - - - 517 - - -
Cash outflows 1,394 1,668 - - 60 1,022 295 215 416 510

Net cash provided by (used in) investing activities (1,394) (1,668) - - (60) (1,022) 222 (215) (416) (510)

Cash flows from financing activities


Cash inflows - - - - - - - - 8 6
Cash outflows - 2 1,089 3,372 49 713 138 - 1,627 1,039

Net cash provided by (used in) financing activities - (2) (1,089) (3,372) (49) (713) (138) - (1,619) (1,033)

Net increase (decrease) in cash and cash equivalents (808) 1,080 (15) 87 7,915 6,252 (259) 485 361 (103)

Cash and cash equivalents, beginning of period 1,472 392 400 313 14,707 8,455 615 130 2,201 2,304

Cash and cash equivalents, end of period 664 1,472 385 400 22,622 14,707 356 615 2,562 2,201
Difference between totals and sums of components is due to rounding off.

220
PROVINCES OF TARLAC
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL CAMILING CONCEPCION GERONA MAYANTOC MONCADA

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 286,349 266,784 68,129 65,031 70,495 68,120 26,966 23,256 6,526 6,301 28,115 25,321
Cash outflows 207,633 198,153 52,890 48,141 42,308 42,028 18,637 16,858 7,255 5,683 24,349 23,017

Net cash provided by (used in) operating activities 78,716 68,631 15,239 16,890 28,187 26,092 8,329 6,398 (729) 618 3,766 2,304

Cash flows from investing activities


Cash inflows 6,162 13,021 5,764 12,756 389 259 - - - - - -
Cash outflows 43,702 51,466 23,080 21,321 16,553 25,440 3,961 4,646 - - - -

Net cash provided by (used in) investing activities (37,540) (38,445) (17,316) (8,565) (16,164) (25,181) (3,961) (4,646) - - - -

Cash flows from financing activities


Cash inflows 49 19,142 - - 45 44 4 109 - - - -
Cash outflows 27,118 51,841 2,889 3,335 4,574 5,052 1,743 2,102 - - 2,629 2,900

Net cash provided by (used in) financing activities (27,069) (32,699) (2,889) (3,335) (4,529) (5,008) (1,739) (1,993) - - (2,629) (2,900)

Net increase (decrease) in cash and cash equivalents 14,107 (2,513) (4,966) 4,990 7,494 (4,097) 2,629 (241) (729) 618 1,137 (596)

Cash and cash equivalents, beginning of period 65,207 67,720 17,995 13,005 18,161 22,258 4,241 4,482 2,351 1,733 2,649 3,245

Cash and cash equivalents, end of period 79,314 65,207 13,029 17,995 25,655 18,161 6,870 4,241 1,622 2,351 3,786 2,649
Difference between totals and sums of components is due to rounding off.

221
PROVINCES OF TARLAC
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

PANIQUI RAMOS SANTA IGNACIA

2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 52,384 47,120 17,136 15,076 16,598 16,559
Cash outflows 37,474 36,908 11,685 12,558 13,035 12,960

Net cash provided by (used in) operating activities 14,910 10,212 5,451 2,518 3,563 3,599

Cash flows from investing activities


Cash inflows - - - - 9 6
Cash outflows - - - - 108 59

Net cash provided by (used in) investing activities - - - - (99) (53)

Cash flows from financing activities


Cash inflows - 18,989 - - - -
Cash outflows 12,756 35,467 601 646 1,926 2,339

Net cash provided by (used in) financing activities (12,756) (16,478) (601) (646) (1,926) (2,339)

Net increase (decrease) in cash and cash equivalents 2,154 (6,266) 4,850 1,872 1,538 1,207

Cash and cash equivalents, beginning of period 11,221 17,487 5,514 3,642 3,075 1,868

Cash and cash equivalents, end of period 13,375 11,221 10,364 5,514 4,613 3,075
Difference between totals and sums of components is due to rounding off.

222
PROVINCES OF ZAMBALES
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL CABANGAN CANDELARIA CASTILLEJOS IBA MASINLOC

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 187,242 171,298 8,104 6,742 4,460 3,903 30,984 23,720 9,811 9,347 11,239 10,324
Cash outflows 139,836 132,081 4,521 4,153 2,759 2,640 21,178 15,147 7,326 7,873 9,167 8,741

Net cash provided by (used in) operating activities 47,406 39,217 3,583 2,589 1,701 1,263 9,806 8,573 2,485 1,474 2,072 1,583

Cash flows from investing activities


Cash inflows - - - - - - - - - - - -
Cash outflows 24,786 20,273 - - 170 165 5,830 3,993 - - 2,685 546

Net cash provided by (used in) investing activities (24,786) (20,273) - - (170) (165) (5,830) (3,993) - - (2,685) (546)

Cash flows from financing activities


Cash inflows 1,450 1,866 1,441 1,858 - - - - - - - -
Cash outflows 14,320 13,032 4,180 3,757 508 130 1,375 1,519 708 775 47 68

Net cash provided by (used in) financing activities (12,870) (11,166) (2,739) (1,899) (508) (130) (1,375) (1,519) (708) (775) (47) (68)

Net increase (decrease) in cash and cash equivalents 9,750 7,778 844 690 1,023 968 2,601 3,061 1,777 699 (660) 969

Cash and cash equivalents, beginning of period 57,020 49,242 2,384 1,694 1,343 375 6,131 3,070 7,568 6,869 3,242 2,273

Cash and cash equivalents, end of period 66,770 57,020 3,228 2,384 2,366 1,343 8,732 6,131 9,345 7,568 2,582 3,242
Difference between totals and sums of components is due to rounding off.

223
PROVINCES OF ZAMBALES
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

PALAUIG SAN ANTONIO SAN FELIPE SAN MARCELINO SAN NARCISO SANTA CRUZ

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 5,600 5,109 13,603 11,944 12,968 12,496 14,509 12,994 2,773 2,954 4,057 2,635
Cash outflows 3,554 3,576 7,792 7,802 11,336 10,176 8,372 7,123 2,557 2,811 3,842 2,539

Net cash provided by (used in) operating activities 2,046 1,533 5,811 4,142 1,632 2,320 6,137 5,871 216 143 215 96

Cash flows from investing activities


Cash inflows - - - - - - - - - - - -
Cash outflows 1,505 1,236 531 148 274 1,256 1,668 3,986 110 17 - 18

Net cash provided by (used in) investing activities (1,505) (1,236) (531) (148) (274) (1,256) (1,668) (3,986) (110) (17) - (18)

Cash flows from financing activities


Cash inflows 9 8 - - - - - - - - - -
Cash outflows 17 17 4,873 3,966 177 174 2,196 2,367 120 120 119 139

Net cash provided by (used in) financing activities (8) (9) (4,873) (3,966) (177) (174) (2,196) (2,367) (120) (120) (119) (139)

Net increase (decrease) in cash and cash equivalents 533 288 407 28 1,181 890 2,273 (482) (14) 6 96 (61)

Cash and cash equivalents, beginning of period 3,880 3,592 242 214 9,880 8,990 9,841 10,323 116 110 101 162

Cash and cash equivalents, end of period 4,413 3,880 649 242 11,061 9,880 12,114 9,841 102 116 197 101
Difference between totals and sums of components is due to rounding off.

224
PROVINCES OF ZAMBALES
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

SUBIC

2015 2014

Cash flows from operating activities


Cash inflows 69,134 69,130
Cash outflows 57,432 59,500

Net cash provided by (used in) operating activities 11,702 9,630

Cash flows from investing activities


Cash inflows - -
Cash outflows 12,013 8,908

Net cash provided by (used in) investing activities (12,013) (8,908)

Cash flows from financing activities


Cash inflows - -
Cash outflows - -

Net cash provided by (used in) financing activities - -

Net increase (decrease) in cash and cash equivalents (311) 722

Cash and cash equivalents, beginning of period 12,292 11,570

Cash and cash equivalents, end of period 11,981 12,292


Difference between totals and sums of components is due to rounding off.

225
CITIES OF REGION III - CENTRAL LUZON
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL ANGELES BALANGA CABANATUAN GAPAN MABALACAT

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 2,682,087 2,590,030 361,203 349,902 56,065 51,856 383,763 356,182 42,358 37,453 261,094 247,293
Cash outflows 1,862,138 1,947,644 252,279 289,338 51,120 46,432 280,929 232,785 21,694 18,975 178,182 184,280

Net cash provided by (used in) operating activities 819,949 642,386 108,924 60,564 4,945 5,424 102,834 123,397 20,664 18,478 82,912 63,013

Cash flows from investing activities


Cash inflows 28,923 49,798 - 28 - - - 12,210 - - - -
Cash outflows 510,206 429,571 79,599 25,991 - - 105,670 94,455 13,801 7,541 48,964 48,112

Net cash provided by (used in) investing activities (481,283) (379,773) (79,599) (25,963) - - (105,670) (82,245) (13,801) (7,541) (48,964) (48,112)

Cash flows from financing activities


Cash inflows 34,416 44,344 485 464 - 6,152 5,864 20,299 - - 168 180
Cash outflows 276,620 271,439 46,775 23,329 11,440 6,525 30,549 34,162 1,957 2,011 22,130 24,922

Net cash provided by (used in) financing activities (242,204) (227,095) (46,290) (22,865) (11,440) (373) (24,685) (13,863) (1,957) (2,011) (21,962) (24,742)

Net increase (decrease) in cash and cash equivalents 96,462 35,518 (16,965) 11,736 (6,495) 5,051 (27,521) 27,289 4,906 8,926 11,986 (9,841)

Cash and cash equivalents, beginning of period 575,375 539,857 88,411 76,675 17,375 12,324 61,180 33,891 19,530 10,604 59,127 68,968

Cash and cash equivalents, end of period 671,837 575,375 71,446 88,411 10,880 17,375 33,659 61,180 24,436 19,530 71,113 59,127
Difference between totals and sums of components is due to rounding off.

226
CITIES OF REGION III - CENTRAL LUZON
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

MALOLOS MEYCAUAYAN MUOZ SAN FERNANDO SAN JOSE SAN JOSE DEL MONTE

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 170,813 160,970 169,548 161,846 29,342 27,151 299,953 279,297 47,996 43,412 696,333 628,647
Cash outflows 127,103 144,812 152,901 154,875 19,780 18,877 219,819 228,403 31,686 30,558 427,910 419,264

Net cash provided by (used in) operating activities 43,710 16,158 16,647 6,971 9,562 8,274 80,134 50,894 16,310 12,854 268,423 209,383

Cash flows from investing activities


Cash inflows 731 955 1,089 2,760 17 2,011 233 226 - - 26,853 31,608
Cash outflows 1,242 5,283 12,202 3,052 5,729 2,060 48,471 50,554 6,840 6,341 176,697 141,345

Net cash provided by (used in) investing activities (511) (4,328) (11,113) (292) (5,712) (49) (48,238) (50,328) (6,840) (6,341) (149,844) (109,737)

Cash flows from financing activities


Cash inflows - - - - - - 27,899 7,175 - - - -
Cash outflows 588 274 5,908 8,459 1,336 5,331 22,804 21,866 11,801 2,802 82,407 101,630

Net cash provided by (used in) financing activities (588) (274) (5,908) (8,459) (1,336) (5,331) 5,095 (14,691) (11,801) (2,802) (82,407) (101,630)

Net increase (decrease) in cash and cash equivalents 42,611 11,556 (374) (1,780) 2,514 2,894 36,991 (14,125) (2,331) 3,711 36,172 (1,984)

Cash and cash equivalents, beginning of period 69,276 57,720 4,622 6,402 7,368 4,474 46,224 60,349 20,778 17,067 122,162 124,146

Cash and cash equivalents, end of period 111,887 69,276 4,248 4,622 9,882 7,368 83,215 46,224 18,447 20,778 158,334 122,162
Difference between totals and sums of components is due to rounding off.

227
CITIES OF REGION III - CENTRAL LUZON
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TARLAC

2015 2014

Cash flows from operating activities


Cash inflows 163,619 246,021
Cash outflows 98,735 179,045

Net cash provided by (used in) operating activities 64,884 66,976

Cash flows from investing activities


Cash inflows - -
Cash outflows 10,991 44,837

Net cash provided by (used in) investing activities (10,991) (44,837)

Cash flows from financing activities


Cash inflows - 10,074
Cash outflows 38,925 40,128

Net cash provided by (used in) financing activities (38,925) (30,054)

Net increase (decrease) in cash and cash equivalents 14,968 (7,915)

Cash and cash equivalents, beginning of period 59,322 67,237

Cash and cash equivalents, end of period 74,290 59,322


Difference between totals and sums of components is due to rounding off.

228
REGION
Calabarzon
4A
CITIES
Batangas
Calamba
Dasmarias
RIZAL Metro Lipa
Morong Metro Quezon
Pililla San Pablo
Tanay Tagaytay
Teresa Tanauan
Trece Martirez
LAGUNA
Alami-
nos
Cabuyao
Laguna
Pagsanjan
Pakil
San Pedro
Siniloan
Santa Cruz
CAVITE
Amadeo
Carmona
Gen. E. Aguinaldo
Gen M. Alvarez
Indang
Maragondon
Mendez
Silang
Tanza

QUEZON
BATANGAS Atimonan
Agoncillo Calauag
Alitagtag Dolores
Balayan Guinayangan
Lemery Infanta
Lian Lopez
Lobo Macalelon
Mabini Mauban
Nasugbu Polilio
Rosario San Francisco
San Juan Tagkawayan
San Luis Tiaong
Taal Unisan
Taysan
Tuy
REGION IV - A - CALABARZON
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL BATANGAS CAVITE LAGUNA QUEZON


2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets

Current assets 2,279,239 1,737,193 199,526 165,396 276,061 224,359 164,202 160,371 90,530 58,327
Cash and cash equivalents 1,206,763 769,125 73,463 47,086 142,489 92,731 65,753 68,739 50,582 27,342
Short term investments 4,295 39,490 - - - - - - - -
Receivables, net 617,378 552,419 93,699 91,182 80,353 85,274 64,845 59,255 19,007 16,715
Inventories, net 262,295 226,807 25,404 20,031 27,631 25,863 28,082 25,329 16,567 10,311
Prepayments and deferred charges 35,518 28,330 621 818 1,307 1,973 2,564 2,511 1,322 1,056
Others 152,990 121,022 6,339 6,280 24,281 18,518 2,958 4,536 3,052 2,902

Non-current assets 7,495,381 7,040,264 723,015 740,263 785,259 747,290 804,759 707,030 431,498 408,268
Long term receivables, net 11,648 21,353 - - - - 7,550 7,551 - -
Long term investments, net 389,757 236,926 1,086 712 25,124 21,467 72,489 21,748 3,659 3,849
Property, plant and equipment, net 6,930,681 6,671,010 698,384 702,889 747,137 712,664 715,252 671,069 416,291 393,045
Intangible assets 13,460 12,950 207 14 8,277 8,540 419 - 161 -
Other assets 149,836 98,026 23,338 36,648 4,721 4,619 9,050 6,662 11,387 11,375

Total assets 9,774,620 8,777,457 922,541 905,659 1,061,320 971,649 968,961 867,400 522,028 466,595

Liabilities and equity

Current liabilities 693,570 542,061 58,742 47,605 169,105 46,831 26,912 47,197 112,090 100,050
Trade and non-trade payables 603,441 438,440 58,128 47,164 167,634 44,818 18,220 25,070 94,113 85,526
Others 90,129 103,621 614 440 1,471 2,013 8,692 22,127 17,977 14,523

Non-current liabilities 2,283,066 2,230,560 385,401 390,947 182,874 305,998 356,646 301,117 299,085 283,547
Notes payable - - - - - - - - - -
Mortgage payable 2,531 2,986 - - - - - - 2,531 2,986
Bonds payable 111 111 - - - - 111 111 - -
Loans and advances payable 1,848,548 1,971,076 382,183 382,491 178,772 293,671 102,067 210,115 292,506 267,802
Contract payable 1,364 40 930 - - - - - - -
Deferred credits 80,615 95,008 2,288 8,341 357 7,628 699 617 2,042 11,844
Others 349,897 161,338 - 116 3,745 4,699 253,769 90,274 2,007 914

Total liabilities 2,976,636 2,772,621 444,143 438,552 351,979 352,829 383,559 348,314 411,176 383,596

Equity 6,797,984 6,004,836 478,398 467,107 709,340 618,820 585,402 519,086 110,852 82,999
Total liabilities and equity 9,774,620 8,777,457 922,541 905,659 1,061,320 971,649 968,961 867,400 522,028 466,595
Difference between totals and sums of components is due to rounding off.

230
REGION IV - A - CALABARZON
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

RIZAL CITIES
2015 2014 2015 2014

Assets

Current assets 82,526 67,245 1,466,393 1,061,495


Cash and cash equivalents 47,654 44,771 826,822 488,455
Short term investments - - 4,295 39,490
Receivables, net 18,048 11,146 341,426 288,848
Inventories, net 9,153 7,005 155,458 138,268
Prepayments and deferred charges 6,928 3,582 22,776 18,390
Others 744 742 115,616 88,044

Non-current assets 372,479 352,869 4,378,371 4,084,543


Long term receivables, net - - 4,098 13,802
Long term investments, net 37,169 32,455 250,230 156,696
Property, plant and equipment, net 332,989 318,167 4,020,628 3,873,176
Intangible assets 248 248 4,148 4,148
Other assets 2,073 1,999 99,267 36,722

Total assets 455,006 420,115 5,844,764 5,146,038

Liabilities and equity

Current liabilities 21,125 25,093 305,595 275,286


Trade and non-trade payables 16,215 20,803 249,130 215,059
Others 4,910 4,290 56,465 60,227

Non-current liabilities 121,950 127,346 937,109 821,605


Notes payable - - - -
Mortgage payable - - - -
Bonds payable - - - -
Loans and advances payable 108,870 115,644 784,150 701,354
Contract payable - - 434 40
Deferred credits 9,713 8,668 65,516 57,910
Others 3,367 3,035 87,009 62,301

Total liabilities 143,075 152,439 1,242,704 1,096,890

Equity 311,931 267,676 4,602,061 4,049,148


Total liabilities and equity 455,006 420,115 5,844,764 5,146,038
Difference between totals and sums of components is due to rounding off.

231
REGION IV - A - CALABARZON
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL BATANGAS CAVITE LAGUNA QUEZON

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Income 4,683,915 4,388,144 335,676 339,083 640,969 587,059 454,347 421,858 166,580 159,320

Business and service income 4,636,210 4,326,879 323,340 314,128 637,892 580,421 443,033 409,335 165,625 158,756
Gains and premiums - - - - - - - - - -
Others 47,706 61,265 12,337 24,955 3,076 6,638 11,313 12,523 955 564

Expenses 3,804,762 3,775,241 284,405 297,065 532,477 524,137 376,831 376,634 152,469 149,447

Personnel services 1,373,335 1,283,724 91,300 90,840 228,802 203,201 165,930 158,401 63,362 55,790
Maintenance and other operating expenses 2,304,883 2,314,351 177,757 182,876 293,469 297,114 199,187 205,635 62,463 63,724
Financial expenses 112,595 166,990 14,080 22,091 6,249 23,288 11,715 12,598 18,203 23,176
Others 13,949 10,176 1,269 1,258 3,958 534 - - 8,441 6,757

Net income (loss) before subsidy 879,153 612,903 51,271 42,018 108,491 62,922 77,516 45,224 14,111 9,873

Add: Subsidy - - - - - - - - - -

Net income (loss) before tax 879,153 612,903 51,271 42,018 108,491 62,922 77,516 45,224 14,111 9,873

Income tax expense 2,438 335 2,077 - - - - - 361 335

Net income (loss) after tax 876,715 612,568 49,194 42,018 108,491 62,922 77,516 45,224 13,750 9,538
Difference between totals and sums of components is due to rounding off.

232
REGION IV - A - CALABARZON
Summary Income Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

RIZAL CITIES

2015 2014 2015 2014

Income 239,453 225,094 2,846,890 2,655,730

Business and service income 238,821 224,169 2,827,499 2,640,070


Gains and premiums - - - -
Others 632 925 19,392 15,660

Expenses 196,303 200,466 2,262,277 2,227,492

Personnel services 62,783 64,797 761,159 710,696


Maintenance and other operating expenses 124,974 121,396 1,447,033 1,443,605
Financial expenses 8,482 12,659 53,866 73,178
Others 64 1,615 218 12

Net income (loss) before subsidy 43,151 24,628 584,613 428,238

Add: Subsidy - - - -

Net income (loss) before tax 43,151 24,628 584,613 428,238

Income tax expense - - - -

Net income (loss) after tax 43,151 24,628 584,613 428,238


Difference between totals and sums of components is due to rounding off.

233
REGION IV - A - CALABARZON
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
TOTAL BATANGAS CAVITE LAGUNA QUEZON
2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Government equity, beginning of the period 737,639 656,080 107,633 117,042 39,018 33,725 207,607 204,801 40,446 38,791
Additions (Deductions) 2,017 86,266 (5,341) 590 - - 5,371 2,805 2,345 1,655

Government equity, end of period 739,656 742,346 102,292 117,633 39,018 33,725 212,978 207,607 42,791 40,446

Donated capital, beginning of period 450,061 422,812 121,095 120,537 38,092 18,268 30,441 26,658 9,789 9,328
Additions (Deductions) 22,833 10,603 9,306 558 (10,000) 3,177 4,035 3,783 17,263 461

Donated capital, end of period 472,895 433,415 130,401 121,095 28,092 21,445 34,476 30,441 27,051 9,789

Appraisal capital, beginning of period - - - - - - - - - -


Additions (Deductions) - - - - - - - - - -

Appraisal capital, end of period - - - - - - - - - -

Reserved/Restricted capital, beginning of period - - - - - - - - - -


Additions (Deductions) - - - - - - - - - -

Reserved/Restricted capital, end of period - - - - - - - - - -

Retained earnings, beginning of period 4,830,128 4,251,067 228,380 186,755 563,650 482,467 281,038 237,723 33,816 28,182
Additions (Deductions) 756,035 579,062 17,326 41,625 78,580 81,183 56,910 43,315 7,923 5,634

Retained earnings, end of period 5,586,163 4,830,128 245,706 228,380 642,230 563,650 337,949 281,038 41,739 33,816

Total equity 6,798,714 6,005,889 478,398 467,107 709,340 618,820 585,402 519,086 111,581 84,051
Difference between totals and sums of components is due to rounding off.

234
REGION IV - A - CALABARZON
Summary Statement of Changes in Equity
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos
RIZAL CITIES
2015 2014 2015 2014

Government equity, beginning of the period 52,795 52,818 290,140 208,902


Additions (Deductions) - (23) (358) 81,238

Government equity, end of period 52,795 52,795 289,782 290,140

Donated capital, beginning of period 24,646 24,646 225,999 223,375


Additions (Deductions) - - 2,230 2,623

Donated capital, end of period 24,646 24,646 228,229 225,999

Appraisal capital, beginning of period - - - -


Additions (Deductions) - - - -

Appraisal capital, end of period - - - -

Reserved/Restricted capital, beginning of period - - - -


Additions (Deductions) - - - -

Reserved/Restricted capital, end of period - - - -

Retained earnings, beginning of period 190,235 164,344 3,533,009 3,151,596


Additions (Deductions) 44,255 25,891 551,041 381,414

Retained earnings, end of period 234,490 190,235 4,084,050 3,533,009

Total equity 311,931 267,676 4,602,061 4,049,148


Difference between totals and sums of components is due to rounding off.

235
REGION IV - A - CALABARZON
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL BATANGAS CAVITE LAGUNA QUEZON

2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 5,100,291 4,545,672 323,735 326,775 662,833 601,979 591,266 426,157 203,039 161,429
Cash outflows 3,985,561 3,816,170 243,964 275,415 508,539 510,122 400,420 375,043 142,220 122,390

Net cash provided by (used in) operating activities 1,114,730 729,502 79,771 51,360 154,293 91,857 190,846 51,113 60,818 39,040

Cash flows from investing activities


Cash inflows 29,366 48,671 - - 508 777 9,196 5,370 11,505 189
Cash outflows 472,380 440,362 18,174 25,260 55,844 56,621 44,190 26,631 23,711 9,375

Net cash provided by (used in) investing activities (443,014) (391,691) (18,174) (25,260) (55,336) (55,844) (34,994) (21,260) (12,206) (9,185)

Cash flows from financing activities


Cash inflows 71,478 61,936 1,026 31 26 31 35 92 438 3,101
Cash outflows 435,098 251,210 42,260 25,100 49,226 34,215 157,472 15,574 25,809 30,549

Net cash provided by (used in) financing activities (363,620) (189,274) (41,234) (25,069) (49,200) (34,184) (157,437) (15,481) (25,372) (27,448)

Net increase (decrease) in cash and cash equivalents 308,095 148,537 20,363 1,031 49,758 1,829 (1,585) 14,372 23,240 2,407

Cash and cash equivalents, beginning of period 690,751 542,213 45,757 44,727 92,731 90,903 67,338 52,966 27,342 24,935

Cash and cash equivalents, end of period 998,846 690,751 66,120 45,757 142,489 92,731 65,753 67,338 50,582 27,342
Difference between totals and sums of components is due to rounding off.

236
REGION IV - A - CALABARZON
Summary Cash Flow Statement
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

RIZAL CITIES

2015 2014 2015 2014

Cash flows from operating activities


Cash inflows 258,959 239,630 3,060,459 2,789,703
Cash outflows 215,103 192,172 2,475,314 2,341,028

Net cash provided by (used in) operating activities 43,856 47,458 585,145 448,675

Cash flows from investing activities


Cash inflows - - 8,156 42,335
Cash outflows 25,747 18,142 304,713 304,334

Net cash provided by (used in) investing activities (25,747) (18,142) (296,557) (261,999)

Cash flows from financing activities


Cash inflows 8,840 - 61,114 58,681
Cash outflows 24,067 26,489 136,265 119,284

Net cash provided by (used in) financing activities (15,226) (26,489) (75,151) (60,603)

Net increase (decrease) in cash and cash equivalents 2,883 2,826 213,437 126,073

Cash and cash equivalents, beginning of period 44,771 41,945 412,811 286,738

Cash and cash equivalents, end of period 47,654 44,771 626,248 412,811
Difference between totals and sums of components is due to rounding off.

237
PROVINCE OF BATANGAS
Summary Balance Sheet
December 31, 2015
(With corresponding figures for 2014)
In thousand pesos

TOTAL AGONCILLO ALITAGTAG BALAYAN LEMERY


2015 2014 2015 2014 2015 2014 2015 2014 2015 2014

Assets

Current assets 199,526 165,396 13,928 10,975 12,087 10,095 4,916 3,748 10,489 9,640
Cash and cash equivalents 73,463 47,086 8,113 5,320 3,655 898 1,850 1,717 5,842 4,449
Short term investments - - - - - - - - - -
Receivables, net 93,699 91,182 3,684 3,939 7,209 8,179 578 736 789 1,015
Inventories, net 25,404 20,031 2,086 1,672 980 775 2,408 1,237 37 12
Prepayments and deferred charges 621 818 - - 11 11 3 3 24 392
Others